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