June 2015

[cimac]

Summer, hot weather expected, markets could also get hot.

Never give up, never surrender.

[cimac]

Month end selling has dented the bullish case but the
Ftse and US majors still have one potential bullish
pattern each, imho.

Dax is more bearish and a return to re-test 12k is
about the most bulls could hope for.

Early June has good odds for a rally and we still
await the Greek bailout news.

Never give up, never surrender.

[cimac]

I am flat into June and expect we are still looking
for the diving board level from which to plunge.

In an ideal world I would like a Greek fix and a
relief rally, from which to short through autumn.

Never give up, never surrender.

[cimac]

First week of June.
Greece has to make a payment to the IMF.
BoE rate decision.
NFP.

Bradley 9th.
New moon 16th.
Quad oe on 19th.

I am told that the astro’s will be very active all month
and there are some interesting financial aspects right
from the get go.

Never give up, never surrender.

[cimac]

Against what I see as many potential cit events in June
the Ftse chart still has that 7200-7250 range on tap
and even more if it was pop into the top pattern.

So, I take care and can day trade as per usual or set
a small pilot short only due to risks of a rally.

If the bulls, in many stock markets, want a crack at
new ath’s then I think they have to do this in the
early part of June.

So all in all we look for some action nextweek 😉

Never give up, never surrender.

[cimac]

My other half has suggested a long Dax 11450 (stop 11200) (limit 12k).

If some sort of deal is done with Greece, even a can kicker, a rally
could well erupt, on the Dax, as it has had a steep decline of late.

One for those whose day is dull without risk.

Never give up, never surrender.

[cimac]

Ftse, contained, seems the best word.
US majors, so far holding support.

I guess nothing has changed and will not until
we get a breakout.

Best to wait and ‘know’.

Never give up, never surrender.

[cimac]

If the US gaps down and struggles it would complete a bearish
set with euroland.

Greek deal could realign the markets either side of the pond
and remains the thing shorts should guard against, imho.

Never give up, never surrender.

[MAURITIUS]

Texans don’t want their gold held in New York lol. They want it in Texas.

http://www.zerohedge.com/news/2015-06-01/kyle-bass-was-right-texas-create-own-bullion-depository-repatriate-1-billion-gold

[cimac]

They are not holding my gold (or silver) either 😉

Couple of things before I get too busy this week.

Full moon later today, often has a low in it’s +/- 2 day window.

Holding above May lows would be a good litmus test with US stocks
far better set (atm) than euroland.

Never give up, never surrender.

[cimac]

I was looking at some analysis for the US, Dow was the example
and it went, trade the gap today.

So gap down buy, gap up sell. I would add, with caution.

I am boring myself now by saying that the market wants a deal
done on the Greek finances. To me they waste so much on daft
QE type folly, that they may aswell get the financial glue out
and try to fix Greece, whose many poor have suffered.

Never give up, never surrender.

[cimac]

Wow, the US gaps down hard.

Dax follows but the Ftse not (vs, the euroland rth range today).

I think the Ftse has this right, see you on skid row 😉

Never give up, never surrender.

[cimac]

Yes, Ftse was right 😉

Never give up, never surrender.

[cimac]

Well the bears have had a good start to June but whilst
the May lows hold, I don’t think they are safe. We have
too many events/dates yet to play out, imho.

Never give up, never surrender.

[cimac]

I have closed all shorts, even intra day, as the noise seems to be
in line with my feelings, that a Greek deal is very very near.

Never give up, never surrender.

[Author]

Posts