Dow close just below the Fibonacci 61.8 level. However the close is higher than the 2 previous highs, this indicates a possible rally tomorrow.
Watch for strength in ASIAN market, and European markets. There will most likely be positive news for Greece as no europeans would want to see it drag the EURO down.
Tomorrow DOW wants to head towards 10200, possibly closing at 10110.
The longer term view is still unknown, but there should be a short term rally.
Stocks to buy:
ALCOA INC AA
LAS VEGAS SANDS CORP LVS
WYNN RESORTS LIMITED WYNN
MGM MIRAGE MGM
AVIS BUDGET GROUP CAR
Other Stocks:
AKS, FCX, AAPL, INTC
Airlines sector seem to shoot up quite a bit. Wait for earnings to be released and look for an opportunity to short that sector. For a quick glimpse, looking to short Delta DAL at $16. It is dangerous to short it now. It could even be a long play.
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