S&P suddenly breakeven for this month of July and ironically since 1998... Oh Boy! 1265 on the S&P marks the line of scrimage either way. Rest of week looking for a little more chop range and consolidation before any break-out back to the upside can be a"potential" safe short term buy for an "elction rally"... oh brother!!! QQQQ,IWM and a few others looking suspicious.

Short 20% R2K looking to scale in add on S&P and NDX. XLF,EEM and IYR have potential sell set-ups as well but taxpayer forced / Wall Street welfare / turns any sell in Finanancials a difficult proposition temorarily. "Fee Market Crapitalism" means they play and you pay!

90% cash position 10% Precious Metals in Rydex EOD . Sell levels lined out above current market, buy levels (although questionable) lined out below. Strong upside move very possible from here ~ 1260 S&P. 1320-40 looking to fade the first rally, temporarily intermeadiatte term may be higher, longer term looking to re-load full short position again.

First test of bear market "rally" today, ~ 1260 as mentioned yesterday. Sold 1/2 long postions in Rydex EOD went long small piece in Rydex Energy funds. 1175-1165 S&P "potential" re-load for longs, 1380-1340 S&P begins levels where "potential" re-loads on shorts. Stay tuned!

Yeuup....! Typical bear market bounce, a bit over due. ~$126.50 on SPY = first price tag to test. XLE, XLF & GDX/GLD trading against each other in near term reversion. Where to start selling this stock market "rally"/bounce is the real ?????

What a wasted free shot... Market held prisoner to its own 5 day range 1175 - 1165 S&P = wash out splat level but grinding price action tells of bear market malaise with zero elasticity near term. Sell or Buy first 2.5%-5% spike either way from here is the look out estimation. GLD, GDX,SLV, signaling fear of bank run in slow motion. Longer term what's left of your wallet?