Financials lead the way as the S&P 500 out-paced the NASDAQ on the up-side fueled by news that Greece is getting a fresh bailout. That coupled with overall positive earnings and expectations for the debt ceiling to be raised in the next two weeks is serving as further fuel to help drive this market climb higher.
There will no recap tomorrow as usual so have a fantastic weekend and I will see you back here next week.
Trend Table
| Trend | Nasdaq | S&P 500 | Russell 2000 |
|---|---|---|---|
| Long-Term | Up | Up | Up |
| Intermediate | Up | Up | Up |
| Short-term | Up | Up | Up |
(+) Indicates an upward reclassification today
(-) Indicates a downward reclassification today
Lat Indicates a Lateral trend
*** I’m simply using the indices’ relations to their 200, 50 and 10-day moving averages to tell me the long, intermediate and short-term trends, respectively.
