Chart Of The Day: Big Oversold Bounce In The Percent Of Stocks Above 50 DMA Moving Higher
Chart courtesy of StockCharts.com
The central bank and government farce continues!
As this is being written, there are four different articles on supposedly four different deals that are happening with the Greece negotiations. Quite amazing! The bottom line and the logical outcome is simple. The math just does not add up and all parties know it. We can bore you to death with the numbers but the numbers change…
Starbucks Leads Initiative to Hire 100,000 Young, Minority Workers
http://www.wsj.com/articles/starbucks-leads-multi-company-initiative-to-hire-100-000-young-minority-workers-1436770801
Week Ahead: Greece, Yellen and Bank Earnings
http://www.foxbusiness.com/economy-policy/2015/07/10/week-ahead-greece-yellen-and-bank-earnings/?intcmp=bigtopmarketfeaturesside
Record Stock Buybacks Generate Backlash
http://www.foxbusiness.com/markets/2015/07/09/record-stock-buybacks-generate-backlash/?intcmp=marketfeatures
K-Cup Economics – Comparing Coffee Costs with Keurig $GMCR
http://www.foxbusiness.com/personal-finance/2015/07/10/k-cup-economics-comparing-coffee-costs-with-keurig/?intcmp=fbtopstories
Year-End Budget Fight Is Taking Shape
Source: http://www.wsj.com/articles/year-end-budget-fight-is-taking-shape-1436741315
Required Reading Of The Day
Apple’s Share of Smartphone Industry’s Profits Soars to 92% WSJ The Unaffordable Care Act WSJ Fmr IMF Chief: Latest Greek Proposal in Line with Creditors’ Demands- Fox Business U.S. Treasury’s Lew Encouraged by Progress in Greek Talks – Fox Business Portents of World Cyberwar WSJ
Good and Bad For The Week
Good: Bulls showed up and defended longer term support (200 DMA) Crude oil plunged 13% in the past two weeks. Good because it lowers costs and bad because it signals weaker demand Bad: China has to interfere in markets to stop them from going down Greece remains in limbo. Another deadline set for Sunday….
Chart Of The Day: Free Markets Anyone?
Here is a brief sample of some of the measures the Chinese government and the PBOC have unleashed in just the past ten days to prop up the crashing market include: a ban on major shareholders, corporate executives, directors from selling stock for 6 months freezing more than half (1400 at last count per Bloomberg)…