ObamaCare Supreme Court Ruling 2015 | June 26 Trading Game Plan

Health care stocks have been strong for a few weeks now.

The Obamacare Supreme Court Ruling 2015 gives the sector a healthy boost.

Today’s stock market news on the Affordable Care Act

Stocks Pare Gains; Supreme Court Upholds Obamacare Subsidies

NEW YORK ( TheStreet) — U.S. stocks pared gains on Thursday, following a Supreme Court ruling that upheld tax subsidies for the Affordable Care Act, or Obamacare.

Health care stocks such as Aetna (AET) and UnitedHealth (UNH) rose following the 6-3 ruling that determined subsidies should be available in states where health care exchanges weren’t created. Hospital operators also rose sharply; HCA (HCA) jumped 9.3%, while Tenet Healthcare (THC) rose more than 12%. Community Health (CYH) added almost 11%.

The S&P 500 added 0.16%, the Dow Jones Industrial Average gained 0.08%, while the Nasdaq rose 0.13%.

Continue Reading on thestreet.com

Hospital Stocks Rally On ObamaCare Supreme Court Ruling 2015

Hospital stocks are rallying in the stock market today after the Supreme Court upheld tax subsidies for ObamaCare.

The 6-3 ruling relieves hospitals from an inflow of uninsured patients, who might have dropped their coverage if they weren’t getting the tax credits.

Community Health Systems (NYSE:CYH) shot up 12% in huge volume, breaking out of a nine-month-long price consolidation with a 57.82 buy point.

LifePoint Health (NASDAQ:LPNT) shares soared 7.5% to a new high in big volume. The stock is now extended past a 76.94 cup-with-handle base buy point.

HCA Holdings (NYSE:HCA) surged 8% to a new high. Volume was heavy. Shares are well extended from a 76.28 buy point.

And Tenet Healthcare (NYSE:THC) jumped 12% to an eight-month high in quick turnover. The stock is now trading about 10% below a 63.71 buy point from a nine-month-long price consolidation.

Other stocks in the hospital group, including Surgical Care Affiliates (NASDAQ:SCAI) and Universal Health Services (NYSE:UHS), were also higher on Thursday

Continue reading on investors.com

How the Supreme Court Saved Obamacare — Today and Tomorrow

For proponents of the Affordable Care Act, today’s Supreme Court decision upholding federal subsidies on federally created exchanges is cause to celebrate.

Once again, the ACA has survived a potentially fatal challenge. The significance of today’s decision, however, also extends into the future. Because of how the Supreme Court reasoned in the case, a future president opposed to the ACA (including all of the current crop of GOP contenders) will not be able to reinterpret the law to deny subsidies to low- and middle-income taxpayers in the future.

One of the arguments rejected by Chief Justice John Roberts’ majority decision is that the ACA is ambiguous and that, as a result, the Court should defer to the construction of the relevant administrative agency, here the Internal Revenue Service. (The IRS read the statute to allow subsidies.) Robert said it was the justices’ job to read the statute for themselves without deference to the IRS.

While the court rejected the administration’s argument on this point, Obama’s loss bodes well for the long-term viability of the Affordable Care Act.

Continue Reading on the huffingtonpost.com

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June 26 Stock Market Today: Map of the S&P 500

Day Trading Game Plan: The SPY

ObamaCare Supreme Court Ruling 2015

SPY remains between 205-212, no solid edge unless you are good at tape reading. Support could be the 207 area as well, depends where you see it. It is not clear to be honest.

ObamaCare Supreme Court Ruling 2015

Stocks to Trade |Friday June 26, 2015

Pete’s Notes:

  • Health care stocks remain strong.
  • LNKD poised for a solid breakout and trend.

Interesting Chart Lessons:

GMCR Keurig Green Mountain Inc. broke the $80 level we have been stalking.Minor support where it closed from Jan 2014. The next level is 60. Has room to go.

ObamaCare Supreme Court Ruling 2015

Earnings in play today > 1M avg shares:

Bullish Ideas ATR/Volume/Price: SINA, QIHU, CI, MBLY, AET, FEYE, HCA, TSLA, CYBR, GILD, LYB, SPLK, UNH, GS, AMZN, SWKS

Bearish Ideas ATR/Volume/Price: uri, gmcr, mon, sndk, baba, lng<70, unp, wynn, mmm<156

Weak Stock Weak Close: atw, cnx, cree, ctl, ddd, gmcr, kors, stx, trn

Strong Stock Weak Close: PNC, STI, WFC, MA, GS, NKE, CCL, GILD, METFB

Weak Stock Strong Close: bbby

Strong Stock Strong Close: CI, AET, UNH, HCA

20 day Breakdown: all, cah, cnx, cree, ctl, mu, stx, vtr

20 Day Breakout: AET, DTV, MBLY, MOS, UNH

2x Normal Volume: HCA, POT, CREE, HUM, CTL, AET, WMB, BBBY, CI SYY, DTV

Watch List Longs:  AET, MET, TGT, SBUX, DIS, JPM, LEN, ADBE, DOW, EBAY, T,

Watch List Short: sndk, qcom, hpq<31, orcl, dd, wynn, intc, wmt, glw, ntap, swn, cost, cvx, slb, trv, all, kss, bby

Inside days: AAPL, HST, SYY, BABA, JBLU, ABBV, FEYE, DOW, UAL, PM, NOV, SYMC, CVC, CAG, DHI, ADBE, CELG, SWFT, CTRP, TWC, JCI, CIEN, TOL, LNKD

About the Author

Pete is a full-time trader and mentor since 2000. Author of Equity Trader 101 and the Order Flow Method. He is dedicated to help self-directed traders to bust through the six-figure level.

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