Stock futures are higher again today.... why? The usual Greece excuse. I maintain that Greece and China were just excuses for this market to have a healthy pull back. Objective achieved. Now on to higher prices.
Here are this mornings reads:
$GOOGL recently broke the $550 tractor beam that had the stock clinging to that level for most of 2015. The recent move higher is setting the stock up for the record high prices I said were coming before the year started.
One thing is for certain - Google feels pretty good about itself
The chart is perfectly positioned heading into tomorrows earnings report. Will tomorrows report send it to record highs? Or was the recent test of resistance a chance to sell and buy at lower prices?
More on Google's earnings report below:
Good evening. Another 2015 type trading session is in the books for Wednesday July 15th. Stocks rallied at the start of the day, pulled back in the late afternoon, and managed to get almost back to even at the end of the trading day to close "Just "Right" . Just like Greece and China, the story is getting old. I'm sure at some point down the road we'll be begging to have these round trip type days, where the market ends where it started and individual names moves where ever they pleased.
The -.07 close ended a four session winning streak.
No five day win streak for you!