And the good news is…

BIOTECHS on breakout here. We have told you this is the most important group to the market right now as it is the RISK ON group.

The NASDAQ edges out to all time highs.

FINANCIALS continue to have the relative bid.

The SEMIS held the 50 day average nicely.

Regardless of all the bearish areas (and there are a bunch), the good we have been telling you about…got gooder. Keeping fingers crossed that any and all of these breakouts stick.

Will have our usual award winning, over-the-top, in-depth weekend market review for you over the weekend. Happy Father’s Day to all the dads.

And please say a prayer for those that lost their lives in Charleston to this 21 year old animal!

 

European Disunion: For Two Rivals in Greek Crisis, It’s Personal

Source: http://www.bloomberg.com/news/features/2015-06-17/greek-debt-crisis-varoufakis-sch-uble-war-over-europe-s-future

The Fed’s Dot Plot Charts: What Are They?

We are depending on people who are looking at dots???

Source: http://www.bloomberg.com/news/videos/2015-06-18/each-dot-represents-an-economist-s-forecast-ellenberg

Required Reading of The Day

Chart Of The Day: Biotechs Breakout…

Chart Courtesy of StockCharts.com