Update for Thursday July 9, 2015
We expect a short term rally to may be above Monday's Highs
Take profits and go long on SVXY, NUGT , ERX , FAS but only for couple of days and then go short again.
UPDATE FOR Wednesday July 8
The problem in Greece cannot be solved in the short term. What is more dangerous is what is happening in China. 36% decline in 26 days. It is like what happened in USA in 2000. 50% of the stocks have been halted and are not even tradingThe decline there or here is not over yet though insiders will manipulate the market up and down in a ferocious manner. Stay short but nimble.
Greece should have the courage to get out of Euro zone and hold their head high and take control of their destiny now rather than have another bailout. It will be painful for them and soon other countries like Spain, Portugal, Italy and then France will also face the same destiny.
We expect a short term rally to may be above Monday's Highs
Take profits and go long on SVXY, NUGT , ERX , FAS but only for couple of days and then go short again.
UPDATE FOR Wednesday July 8
The problem in Greece cannot be solved in the short term. What is more dangerous is what is happening in China. 36% decline in 26 days. It is like what happened in USA in 2000. 50% of the stocks have been halted and are not even tradingThe decline there or here is not over yet though insiders will manipulate the market up and down in a ferocious manner. Stay short but nimble.
Greece should have the courage to get out of Euro zone and hold their head high and take control of their destiny now rather than have another bailout. It will be painful for them and soon other countries like Spain, Portugal, Italy and then France will also face the same destiny.
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