A massive session for the market as Europe has come to a preemptive agreement to patch its crisis for atleast another year. This coupled with unexpected GDP growth reported here in the US propelled the markets higher. Both the S&P 500 and NASDAQ closed up over 3% on big volume. The speculators were correct.
Instead of trying to summarize the Europe news, I am going to link everyone to some great coverage, both speculative and detailed on the matter. These sources will do a far better job of breaking everything down:
- Europe Agrees to Basics of Plan to Resolve Euro Crisis (NYT)
- Goldman’s 10 Unanswered Questions On The European Bail Out (Zero Hedge)
- EU Deal on Greek Debt Gets Early Welcome (WSJ)
- Looking Beyond Europe (Zero Hedge)
With Europe aside, the charts will do the rest of the talking. The major point to take notice of now for the S&P 500 and NASDAQ is how the market is back at pre Europe drama levels. Once this high wares off, it is back to relying on improving economic conditions here in the US to send the market higher. How boring is that?
Anyway, to support the bullish vibe floating around today I have a list of solid stocks worth a consideration of adding to your close watchlist and/or purchasing for your portfolio. These are high profile stocks either basing out or breaking out. If you are bullish then take a look at the following: UA, ISRG, MA, TIF, CMG, PII, LULU, BJRI, ROST, GCO, HLF, DECK, NKE, TSCO, HUM, FOSL, SCSS, AAN, ARMH, RATE, PANL, BSFT, EZCH, PNRA, ULTI, SWI.
Stay frosty out there tomorrow and I will see you after the weekend break 
.
Oh and PS – We are on pace to finish up the best performing month for the market since 1974 (full story at Bespoke).
