The First Stop on the Summer Whirlwind Tour

The first logical stop on this post-Greece deal rally on the S&P 500 Index is likely to be that declining 50-day moving average, the darker blue line on the daily chart, below. 

That said, many individual stocks are acting well, especially the ones which have been acting well. Inside Market Chess Subscription Services, for example, we have been playing leader FB on the long side since late-last week. And that name continues to act well today, even if TSLA, another leader, is notably red. 

Even a beaten-down name like DD, the major Dow component, is ripe for some type of relief bounce.

More ideas and analysis for Members in my usual Midday Video, filming now.