Saturday, July 4, 2015

Staying Long for now.

Saturday Night July  4th. Watched a lot of local fireworks.

Many looked for mkt to tank on the Greek outlook before the long holiday.

The Spx had plenty of chance to fail Thursday but put in a somewhat flat day.

Even Friday July 3rd the Ftse and Dax didn’t fall apart.

I don’t think the market will have a negative reaction to Greece again, no matter how it goes this weekend.

The Spx market looks bullish to me but if we can’t take out Spx 2098.63 by the 7th or 8th of July then we may have to re-evaluate. These are not the dates I have a strong hit on but lets see what happens by then.

So far everything I have is on a buy.

Jerry         timingshortterm yahoo groups   not for training

Tuesday, June 30, 2015

End of Month rally coming.

Monday Close
Adx –DI at level seen only near 10-15-14,5-18-12,8-8-11 major lows.
First blow out day I have had in 71 TD.
EDT possible calling for low tomorrow.
My parabolic indicator calls for low tomorrow.

So I had the 29th-30th picked for a low. EOM window dressing coming.
Depending how low Tuesday is will tell the story. The –DI could go higher (bearish) and the MFI (money flow has room to go down,bearish)
No new low up we go, if a new low it will be tested in days if market is as weak as it appears.
My call- Of course we will open strong Tuesday but will it hold? I think not with more of a chance to buy Tuesday.

This may not be about Greece, but China and Porto Rica.