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Friday, April 26, 2024

Greek Trade

Courtesy of Read the Ticker.

greek-tradeIs this the only trade this week while Europe and Greece debt issues play out.

Long $USD

UPDATE: If the market prices in a GREXIT then that makes the Eurozone more healthy, so it seems, which is good for the Euro. DXY down, then EURO up.  The week will be a wild one, it can change on a dime!

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DXY

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DXY

NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net

Investing Quote…

..”Every movement in the market is the result of a natural law and of a Cause which exists long before the Effect takes place and can be determined years in advance. The future is but a repetition of the past, as the Bible plainly states”..

William D Gann

..”Money couldn’t buy friends, but you got a better class of enemy”..

Spike Milligan

..“One must search through a maze of complex and contradictory details to get to the significant facts … Then he must be able to operate coldly, clearly, and skilfully on the basis of those facts.” The challenge for the successful speculator is “how to disentangle the cold hard facts from the rather warm feelings of the people dealing with the facts.” Moreover, “if you get all the facts, your judgment can be right; if you don’t get all the facts, it can’t be right”…

Bernard Baruch

Unless you can watch your stock holding decline by 50 per cent without becoming panic stricken, you should not be in the stock market.

Warren Buffett

..”The key to making money in stocks is not to get scared out of them”

Peter Lynch

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