Stock Market Analysis July 2015

The stock market is volatile as we head into July 2015 mainly due to the Greece crisis.  The S&P 500 just bounced off the 200 day moving average over the last two days which is very bullish.  Most people expect another leg down so I would probably wait this out but if we do see more downside, start looking at SPXL or TNA.

The S&P 500 will have support at 2055 and resistance up between 2090-2100.  If we shoot back above 2100, we might go on to hit another record high, especially if there is a positive outcome in Greece.

2016 is an Election year which means the stock market will likely see strong gains.  The biggest threat to this thesis would be a significant rise in interest rates.

If you are looking for stocks to invest in, check out my stocks to watch page.