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While seasonality is slightly negative today it turns very positive tomorrow and remains that way for the balance of the week. The chart below is from CXO Advisory Group. I highlighted with an arrow where we are.

As long as the Greek vote goes as expected and austerity measures are approved, I believe the odds favor the bulls this week. We have negative investor sentiment coupled with very positive seasonality. This combination argues for some mean reversion.

1 comment:

The Facts And My Opinion said...

[...] Seasonality is positive through the end of this week and then turns slightly negative next week. [...]