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Greece is fixed (again). Markets rallying


This is like Day 6 of the same pattern. Weakness overnight on bad news from Europe / Obummer / etc.. BTFD in the morning. Relentless buying of select stocks like AMZN AAPL CMG AZO etc. followed by news/rumors than Greece is fixed (amazing how we get fresh Greece news everyday at 3:30 pm right before our close even though Europe is asleep), everything is all better, and futures zoom to green. Sell the close. Overnight, we’ll probably hear the reality again that European banks are @#$%#ed, Greece is going to default, etc. and we’ll open down 2% again.

Wash. Rinse. Repeat.

Probably the pattern is going to change after the fomc meeting, but this has been perfect conditions for daytrading.


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