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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (72976)	7/9/2015 10:57:29 PM
From: Joppike	Read Replies (2) \| Respond to of 222792

Might be worth riding it out. My crude oil trade went negative, but I've been slowly adding more to it. It's one of the few undervalued commodities, and it will go higher.

To: GROUND ZERO™ who wrote (72976)	7/9/2015 11:16:14 PM
From: Peace	1 Recommendation Recommended By GROUND ZERO™ Read Replies (3) \| Respond to of 222792

I think the Greece deal is mainly helpful for the European markets. There shouldn't be much upside to the US markets although they may rally somewhat. The real threat to our markets is a slowdown in global growth particularly China. SOX is usually a leading indicator of this and is already down 14% from its high. Commodities have also weakened. Unless we hear strong forecast from companies this earnings season, a correction is inevitable. Caution is clearly warranted. If the market rallies friday/monday on Greece that may be a good time to go short.