Gotta love ZERO RISK in the SP500 = $$$

I've gone long Gold now based on its Monthly chart. 240m chart suggests overbought conditions in US troika.

 

Tomorrows headline: STOCKS RISE FOR SECOND DAY ON GREEK HOPES

 

Well I'm still sticking with me 2120 as a strong resistance area.

 

took profits today, will go long tomorrow if indices break out of resistance or if there's a dip

 

All gains will occur overnight in the index futures. Stocks will gap up and trade sideways

 

For those buying at these levels, an upside is less than 2% would mean the stop would need to be 1% or closer from current levels. Does not sound like a a good trade.

I am wondering how a sell off would be triggered. I expect some red within next 5 trading sessions.

 

Futures up again tonite.....Dow futures up a little over 30....today the gap up and then sideways trading for the remainder of the day......the vix took a big drop today.....down nearly 9%....zero fear in this market.

 

Some red within 5 trading days?

Make it 2-3....5 days is a guarantee will get red ...but the drop will only be a few s$p points....nothing crazy meaning a drop below 2100. That's impossible..

 

I know that if we break 2000 retail will be shitting bricks. Not sure if BTFD will be happening - of course then the Fed will find some kind of reason to "delay" rate increases. Probably keep Greece simmering for a while to bring out for parties when it's advantageous to do so.

I'm not sure which is more BS: now or 99...

 

Nikkei was 20,000 on Friday....only 2 days later and its trading at 20,800+....800 point increase or 4% in 2 days!!!!!