Greece News Optimistic: Greece Submits Plan to Tackle Debt Crisis
* Your trading plan needs to be specific that you trade a news catalyst. This type of play is different from “clean charts and no news.”
BRUSSELS — The Greek government submitted proposals to its creditors early Monday aimed at breaking the deadlock over a debt crisis that has imperiled Athens’s continuing membership in the euro currency zone.
The proposals came just hours before European Union leaders were to hold emergency meetings aimed at forcing a breakthrough in the country’s international bailout negotiations. An agreement has eluded Greece’s creditors and the eurozone’s ministers of finance despite months of talks.
Buying Greece critical time on Monday, the European Central Bank for a third time in less than a week increased its emergency funding to Greek lenders to stanch heavy deposit withdrawals, according to a Greek banking official with knowledge of the decision who spoke on the condition of anonymity.
Greece pushes new proposals for debt deal
Athens tabled new proposals Monday aimed at breaking a five-month deadlock with its international creditors over a debt crisis that could see Greece dramatically crash out of the euro-currency bloc.
Few details were available, but Greek Prime Minister Alexis Tsipras’ office said he presented European leaders, including German Chancellor Angela Merkel, with a proposal “for a mutually beneficial agreement, which will provide a permanent solution.”
Martin Selmayr, a senior aide to Jean-Claude Juncker, the European Commission’s president, wrote in a Twitter post early Monday that the proposals by Tsipras’ government were a “good basis for progress.”
The potentially significant development comes as European leaders prepared to hold an emergency summit in Brussels that could last late into the night Monday as both sides seek a way out of the stalemate.
June 22 Stock Market Today: Map of the S&P 500
Day Trading Game Plan: The SPY
SPY chart shows a clean trend for most of the day. A pattern we discussed in our pre market game plan meeting yesterday.
Stocks to Trade |Monday June 22, 2015
- Inside days galore today.
- Greece news optimistic, higher open coming- not sure it will hold. Sell the news…
Interesting Chart Lessons:
TWTR | Twitter finding some buyers on a weak day. Keep an eye out for accumulation (increase in volume but no increase in price action)
Earnings in play today > 1M avg shares:
Bullish Ideas ATR/Volume/Price: AMBA, SINA, QIHU, FEYE, CI, CYBR, LLY, GILD, AET, TSLA, CRM, SWKS, NFLX, GS
Bearish Ideas ATR/Volume/Price: rrc, lng, gmcr, baba, mon, sndk,
Weak Stock Weak Close: cnx, epd, spn, slw, hcp, wynn, clr, all, wynn, slb, apc
Strong Stock Weak Close: AMBA, SINA, QIHU, FEYE, CIEN, TASR, ZION, NFLX, MA, AMZN
Weak Stock Strong Close: swn, twtr, ual
Strong Stock Strong Close: DHI, MXIM, ABBV, EA, CNO, KBR, CAG, ATML
20 day Breakdown: rrc, epd, oih, slb, cop
20 Day Breakout: CAG, BAX, CCL, KBR, MXIM, RAI, RCL, TGT
2x Normal Volume: cag, cf, cfg, amba, fslr, etfc, mxim, orcl, tgt, wfc, low, usb, zion, axp, aig, cam, cybr, all, cop, wmt
Watch List Longs: AET, TGT, SBUX, MET, CVS, COF, DIS, ABT, DOW, EBAY, M, ADBE>80.50
Watch List Short: cvx, wmt, slb, trv, hal, luv, sndk, intc, qcom
Inside days: ge, t, csco, ko, fb, jpm, gild, c, kmi, xom, pg, gm, mrk, jnj, bk, dis, csx, dow, mo, met, pm, kors, pep, crm, ma, dd, lvs, stx, ba, mos, utx, gs, yoku, gps, hog, mmm, sti, hon, ddd, pru, yelp, yum
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