If no headlines are coming out of Greece, fine, but the Euro should give a hint as far as what to expect in the market. A strong Euro makes for a weak dollar which is positive for the equity markets.
Take a look at the Euro
The EUR/$USD seems to be trying to break out of this consolidation, which should create some buying pressure in equities.
Furthermore, the TICK Chart is in a gentle uptrend, I would suspect it will go more parabolic on a breakout.
NYSE TICK chart.
Is interest rates about to start going up?
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Yes, I know - it does not make any sense - FED is about to cut
rates...but....real world interest rates are not always what FED wants it
to be.
5 years ago
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