Stocks posted weekly losses Friday as slippery negotiations between Greece and its lenders failed to produce a decisive agreement.
The Dow Jones Industrials lost -69.27 points, or -0.38% on the week, closing at 17946.68. The Nasdaq closed down -36.50 points, or -0.71% to 5080.50. The S&P 500 declined -8.50 points, or -0.40% at 2101.49.
The chart below shows our breakouts and their dates relative to the index.
Friday’s volume was impacted as the FTSE Russell rebalanced its indexes. As companies move from one index to another, managers of index-following funds are forced to buy or sell shares to mimic the performance of the index. Keep in mind, that may have have an affect on some of our selections below, as well as holdings in your account.
As everyone monitors daily the Greece debt crisis drama and watches for clues as to when Janet Yellen will raise interest rates, we will keep doing what we have been doing for more than a decade. We will buy stocks as they break out from the High Ranked Leaders Watch List, while we closely monitor our current holdings.
We did have another new breakout this past week as shares of….