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WALL STREET CRAPS STOCK MARKET STRATEGY – JULY 12, 2015

July 12th, 2015

craps front coverSTOCK MARKET STRATEGY FOR July 12, 2015: The stock market’s gap openings on Thursday and Friday made it very difficult to trade last week’s spike bottom. With all oscillators returning to neutral levels, the rhythm of the market is once again set up to retest last week’s lows. If we should get a hard move down on Monday and/or Tuesday, be ready to take new positions as we approach Wednesday (time-wise) or Wednesday’s low readings (price-wise).

Key underlying market indicators show the following:

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ADVICE TO TRADERS AND INVESTORS: If the market declines hard on Monday and/or Tuesday, be ready to “catch the falling knife” by taking long positions in the market. The bad news “cover story” will most likely come from something related to Greece, China, or an interest rate hike. Whatever the news is it will only serve as an excuse to the market to come down for its retest of the lows.

The safest buy bets will be in the major broad-based Exchange-Traded Funds (DIA, SPY, QQQ) as there is no telling which sectors will perform best. You can also take small positions in the leveraged ETFs (DDM, QLD, SSO) for a quick ride up to challenge the old highs once again.

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