Back on July 6
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I have been out of the office for the past week and will be back on Monday, July 6.
Next week will focus on cleanup such as answering questions regarding trading and hedging, updating InVivo.Analytics for eSignal with a workaround, and the weekly strategy session.
The rest of the summer will be spent revisiting the subject of trading, especially for Club Members.
The Big Test
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I’m on the road this week in California, getting a head start on the July long weekend. Will be posting the usual, but may not be immediately after the close. The next strategy session will be held during the week of July 6. Sorry for the inconvenience.

Bernanke vs. Lewis; S&P vs. Trendline
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Buyers stepped up on the two-swing pullback to the 50-moving average. Technical traders are now watching closely to see if the backside of the broken red line becomes overhead resistance.

Trader Vic: Another “Alpha” Guru
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Good ol’ Trader Vic is now CEO of — there’s that word again — Alpha Financial Technologies.

Dennis Gartman is (Not) an Idiot
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Mr. Gartman knows that an expensive newsletter for institutional and professional readership is quickly becoming a thing of the past. Efforts are now directed at capitalizing on retail investors doing it themselves through online brokers. Newsletter gurus are now trying to reach those willing to pay the big fees for active ETFs.

Green Shoots vs. Yellow Weeds
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For every bit of good news, there is also some bad news. Here is a short list of “but wait” stories.
The Russian Bear (Market)
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Bloomberg reports Russia Stocks Fall 20% in World’s First Bear Market Since March. Is this a surprise?

Momentum Trumps Dividends
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There are more stocks from the S&P 500 Dividend Aristocrats and the S&P High Yield Dividend Aristocrats underperforming the S&P 500 and NASDAQ 100 Indices than there are outperforming.

Father’s Day: Last Minute Gifts
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Need a funky gift for Dad?

The Ragdoll Economy
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My expectation is that economic data will be uneven going forward, producing a rag-doll effect as investors go back and forth between green shoots and yellow weeds. Without sustained good news, investor optimism will be worn down.
