Thursday, July 02, 2009

The Sirens call

Today's market action was a strong lure for those that are mostly out. To me, it is like the mythological siren's call (Wiki reference link). The stock market just had its best up quarter since 1998, VIX showing signs of complacency, MACD and other long term timing tech indicators giving buy signals.

Despite the down day, SPY isn't down to the first support at 87.5.

Long TM

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