By Lawrence G. McMillan
With the market having broken down in the past two weeks, this issue has a lot to do with volatility. The feature article discusses bullish setups via volatility spike peak buy signals in four different markets. Recommendations are made in GLD, EEM, and AGN.
Our market commentary is on page 5. A massive oversold condition spurred the current rally, but intermediate-term buy signals have not been forthcoming from some of the most important indicators.
On page 6, we review three indicators that we have written about in the past: T-Bonds vs. Junk Bonds; three bear markets in a sereis; and finally the NAHB Housing Index as it relatives to stock prices.
There are some interesting articles on page 7. The first is the 55-day rule that correctly called the Crash of 1987 and the Crash of 1929.
Also we will be trading the “first day of the month” system for July.
Furthermore, there are articles about the current status of the very important Total put-call ratio, and an article about the stock market in the week following June expiration.
Other recommendations include trades in AMT, TLT, STX and Sept Cocoa.
Finally on page 12, is a hedged $VIX futures calendar spread.
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