Range Resources closed above its 200-DMA for the first time in three weeks. It closed up 2.75% to $60.82. The 50-dma is $61.48 and a break of that would serve as the next buy point. I am not sure how many people are aware but EOG Resources stands for, “Enron Oil and Gas”, which is my mind is pretty hilarious. EOG has showed incredible strength since it began rallying off of the October 4 lows. The stock cleared major resistance in the $108 area and looks like it will be a straight shot to $112. EOG closed up .90% to $110.04. So far the SPX move that we have seen since the start of the year has been the best start in 25 years. Crude oil was down today due to investor concern that Greece will not be able to avoid a default. I am surprised that markets are even responding to news about Greece at this point. The SPY is still showing resilience and maintaining a strong uptrend.
