Gotta love ZERO RISK in the SP500 = $$$

a hit of the 200 day ave on daily chart is not a strong sell signal
... it is a strong buy signal

and daily chart rsi is not even oversold yet

 

So Rickshaw, I bought the IBB 1030 BTFD (as usual lows yesterday). Now it seems I am up 2.6%. I see news on Greece (news=up, since good/bad doesn't matter anymore). But China is down. Should I just take profits and run? BTFD is always easier than the exit...

 

Oh look honey stocks are going to be up today. Look at the stock index future thing on the TV, says where going to have a big up day......thank goodness....kiss kiss....see you tonight after work...bye bye....have a good day at work.

 

I can't help you, I can barely help myself.

 

I am going flat. I have two models. One says buy and the other says sell. Maybe early July 4th for me.

 

Got out at open. 374.88

 

Always remember.....The stock index futures rally overnight 90% of the time. Very seldom does America wake up to a RED index futures ticker.

 

Have a good day. I am quite sure one of my two models will be right today.

 

Look at the EUR/USD...It popped up just like the index futures, but gave it all back. The Greek creditors have said they won't accept this new proposal, they must now wait for the referendum. It was all a ploy to rally the markets.

 

Sold just now at $42.75...
A very nice risk free 9% return in less than 24 hours....that gain would take decades in my savings account thanks to BUBBLE ben bernanke and his zero interest rates....

Still own shares in my other account....
This time all profits to be taken above $48.