According to my risk summation system, the days this coming week with the highest risk of a turn in or acceleration of the current trend are Monday August 9th and Wednesday August 11th.
Last week the Monday the 2nd risk window started off good tagging a fairly volatile day that looked like a short term bottom, but the market just stalled and then turned up smartly in the Friday risk window breaking out of the top of a three month long consolidation which should be bullish, if it holds. The Monday risk window was clearly a dud, and Friday will be too if the DJIA doesn't confirm the breakout and march higher.
I finally found a way to come to terms with the FED induced super bubble market. I've started drinking orange juice in the morning instead of coffee. My buddies down at the investment club think my change in outlook is due to the vitamin C and fructose in the juice, but I know it's the vodka that I mix it with. Screwdriver, the attitude adjustment breakfast drink.
Regards,
Douglas