On Friday Mr. Market reacted positively to news out of Greece, but still closed below the bottom of the old $208-214 consolidation range. The market continues to be a daily "gap up, gap down" market that essentially allows you to do little more than gamble and provides little edge.News post market Friday relating to Greece lead to thoughts of a strong Monday open, though futures are currently slightly down. Don't try to game the news. Just take a cautious approach, position yourself for whichever way the market turns, and pounce once the market tells us to.In the video I discuss key market levels, current positions, strong relative strength stocks. I also discuss the sectors most beaten down over the past week, as they could bounce strong if the market bounces this week. This is mostly made up of commodity sectors.
https://youtu.be/BoKEqr7sSwcBiotech and commodity watch lists will be ready pre-market. See Video for strategy.Relative Strength Stocks: NFLX, FIT, GUID, MBLY, LEN, MNSTPossible shorts and longs: POZN, TSLA, SGEN, SUNE, AMBA, CYBR, HRTX, SEDGIPOs to watch: FIT, WING, FOGO, HABT
