Market Stages Impressive Oversold Bounce Ahead of Greek Vote

The market finally got the blast off bounce traders had been waiting for at the drastic oversold levels. When bearish sentiment reaches climactic levels (the put-call ratio reached its highest level since S&P 666), the next bounce is always a ferocious one as chasing shorts get squeezed and dip buyers pile in. That is what we saw today, with the Dow up more than 100 points. Now the...

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