Tuesday, 3 July 2012

12pm update - number of players...zero.

Of course, for those still long, today's gains are a pre-holiday bonus.

To start this final trading hour of nothing, lets forget the noise...keep focused on the bigger picture

NYSE composite, weekly

The master index is still below the March peaks. From a MACD cycle perspective, its due to break +cycle next week. Right now, bulls can easily sustain a Friday drop to around 1335/40, with no violation of the short term channel.


Urghh..dull day! There are a few individual stock moves of interest, Ford, FB, and we have the metals/oil showing a bounce.

The only winning move (this one is for you TVIX, UVXY players)...not to play.