Even though the stocks rallied today doesn't mean things have changed in the economy. Greece may avoid default at this time but the main concern is US economy which is shrinking. Consider all the negative data coming out everyday, the stock market is bound to crash. The only thing which can prevent is confidence between Democrat and Republican which doesnt look like will come until things goes extremely bad. They havent learnt the lesson from their last debate which was horrendous. The market will crash next month. Its just a month from now.
Keep this stocks in radar.
If the market is rallying: DIA, SPY, ERX , XLF, FAS, TNA
If the market is selling off: TZA, VXX, GLD, FAZ. Short or put option in DIA, SPY, ERX, XLF
Move your position as per the market, don't stick to any stocks for emotion.
This is how to play with this market. http://www.youtube.com/embed/AVtROu39ceI
Good luck and keep cash handy to take advantage in any market.
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