If you bought the dip with me this morning you made some money. After being down 250 points early in the day we came roaring back on a report that after the Greek Finance Ministry said the conference call today between Minister of Finance Evangelos Venizelos and the ECB was 'productive ans substantive'. In fact at one point the Nasdaq even went positive. We closed a bit off the highs of the session, but the story today was "high growth". Free Market Capitalist faves Chipotle Mexican Grill (CMG) and Lululemon Athletica (LULU) were up over 5%. Whole Foods Market (WFM), Wynn Resorts (WYNN) and Green Mountain Coffee Roasters (GMCR) were all up over 3%. Apple (AAPL) closed at an all-time high today of $411.63 and is red hot with a new product cycle ready to roll out in a matter of weeks. athenaHealth (ATHN) was up over 5% before fading but still closed .8% higher. I took some more of my position in athenaHealth (ATHN) off the table as it's up over 40% since I bought it. I've recouped my capital plus a little profit so I'm letting the rest ride. I bought some Broadcom (BRCM) as the semi's were getting hit hard this morning and you know I love semi's right now. With Broadcom (BRCM) you're also getting a sideways play on Apple (AAPL) since they make the chips that run iProducts. Arcos Dorados Holding (ARCO) bounced back above the $26.60 support level at the bottom of its $26-$29 trading range. I see this as bullish and think the stock should be bought right here. Gold fell hard down over 1.5%. My short-term view on gold hasn't changed and I expect it to test its 50 day MA of $1726.40 and then the head to the $1600 level. Oil was hit hard today and I'll be looking to add to my Oil Service Holders ETF (OIH) on anymore weakness.
This is not a recommendation to buy or sell any securities. DAK was long AAPL, OIH, ATHN, ARCO, WYNN, and BRCM at time of publication but positions can change at anytime.
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