Against the Backdrop of Greek Theatre

As has been the modus operandi for this bull market for a good while now, any news headline or data point will suffice as an excuse to rally. Closing out this holiday-shortened week, the news of a deal between Greece and its creditors is the excuse du jour for this rally to fresh all-time highs for many of the major averages. 

The good news is that there appear to be a decent amount of stock not yet extended, perhaps setting up to follow the likes of AAPL higher next week. At the same time, inter-market opportunities are still present for quick gains, if timed correctly. 

Over the past two weeks, I focused on the natural gas market, using UGAZ as a triple-long ETF to capture two big wins. Of course, I have played UGAZ before and had losing trades, but the key is quickly stopping out when wrong so that the big wins are worthwhile. 

Crude oil also remains in my crosshairs as a short setup, if we see weakness early next week.

Overall, the market seems to be taking its cues from AAPL, biotechnology and cyber security stocks, not to mention resilient financials not yet giving up the ghost.

I will profile the entire market in an objective manner, including tons of actionable trading ideas, in my Weekend Video Strategy Session on Sunday. 

Have a great weekend and I will see you there!