Market is waiting for Greece problem to resolve. Many people including me believe that it will be resolved in extra time (for reasons). That is not my point. My point is that market is waiting for the outcome and big trades and transactions are on hold till everything is clear. This wait and hold will negatively affect the GDP in US, Euro zone, Asia, Japan,..... Conclusion: weak market for a while.
Im also bearish, but i disagree that Greece even matters..... of course the clowns at CNBC have made a big deal about it a few times in the last few weeks, but i honestly think that greece wont be a big deal, i bet we pop 4-5 ES points when it happens then sell off cause of all the bulls waiting for that deal. 2 years ago, greece and Europe were causing 2-3 percent gaps in our market, these days its only good for an early morning sell off. I think the only reason greek news matters is cause the market cant go higher with a strong dollar, this is the 4th time ive shorted the top, i blew it this time though. Bottom line, high dollar with no volume means the market aint breaking out this summer.
Exactly. Crisis looms; People move money to USD; Market can't rally because of the downside skew, relative to the dollar.
The literal top., well done, iv seen alot of market opinion over the years, but you literally top ticked the world.......... well done, LOL.
Watch the transports... 52 week lows could happen in the next 6-8 weeks... That's one important sector that needs to be paid attention to...possible October lows could come....
The way to go after today is healthcare, believe it or not my buddy recommended HUM at 188, today, just a perfect win. AET is next.........