Finally, with just about 48 hours to go , Greece admits that it won't make the IMF payment putting Greece in to default, unless of course an 11th hour deal is struck, but the two sides seem as far apart as ever.
In futures, we've seen some upside this morning, but it doesn't have the best looking chart and it;s already starting to come down...
However, I still suspect the market must make an upside move as detailed in yesterday's Daily Wrap to get things kicked off, again as detailed in yesterday's post.
The crude position entered or added to yesterday looks good this morning as Crude lost ground overnight...
Honestly this is a very strange market, so flat for so long with so little strength and more than anything, so little in the way of what would normally be planned cycles or moves much like this week.
Again, I think the best course may not to wait for the market, but rather just go after the individual stocks. As a stock market it is paralyzed, as a market of stocks it is falling apart.
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