Market Breadth Data

Monday, July 06, 2015

$QQQ Box Trading

Qs and the major averages remain stuck in the Greek referendum box, with clearly defined support/resistance levels:












Everything in between is just noise. Unfortunately, those who think that the referendum will bring a speedy solution to the crisis are sadly mistaken, and the uncertainty will keep pressure on the markets.

SPY and Varoufakis' Resignation Rebound

The futures bouncing off the April '15 lows on news of V's resignation, currently trying to break even for the year:











Sunday, July 05, 2015

$SPY First Half of 2015 Update

Of all the major averages only the DJIA is trading below the close of 2014:












Sentiment readings more or less reflect the 50/50 split pre-election polls in Greece and suggest that traders are hesitant but not panicky ahead of the OXI/NAI vote: