Take your money and run - its not safe to invest in stock market

S&P performance in recession.

It was a bullish day for the stock market, considering it closed flat for the day inspite of  weak economic data. In last two trading days, Dow Jones Industrial Average (DJIA)  is up 408 point (3.4%), S&P500 is up 52 (4%) point and Nasdaq is up 132 point (4.5%). For the month, Dow Jones Industrial Average (DJIA)  is up 752 point (6.21%), S&P500 is up 87 (6.84%) point and Nasdaq is up 203 point (7.42%). Vix has been down and stocks like UVXY, TVIX are down 60% for the month.

For the month, not a single US or global economic data showed any important. Most the economic data were negative or showed contraction. Yet stock market managed to rally 4% for the month. Does it mean, this market is heading for crash? As I have always said, "This market likes to go in opposite direction of what majority thinks". Once again when the fear was maximum, stock market managed yet another rally, just like it happened between Dec 2011 - Feb 2012. So what do you do in such market, "Take your money and run". A retail investor is first one to lose money and last one to make money in stock market. So far all the rally in stock market is based on the hope of easing from fed or ecb. But this fed and ecb couldn't prevent recession. Europe is still in recession. If you still want to play this market, keep a good balance of good stock with dividend and don't put all your egg in one basket. Keep some cash in hand to take advantage of volatility. 

Trading Strategy for Jul 3rd:

For Bullish sentiment to continue: Dow needs to break 12925, while S&P500 needs to break 1366. 

For Bearish sentiment to continue:  Dow needs to break 12765, while S&P500 needs to break 1358.

After Hours Gainer:

Symbol	Company Name	Last	Change	Change %	Volume
SATC	Satcon Technology Corp.	0.32	+0.10	+42.22%	1,100
PBMD	Prima Biomed Ltd. ADS	4.59	+1.06	+29.89%	100
BPZ	BPZ Resources Inc.	3.12	+0.57	+22.35%	19,135
KV/A	K-V Pharmaceutical Co. ...	0.75	+0.13	+20.97%	600
MKTS	Direct Markets Holding ...	0.52	+0.09	+20.93%	1,100
CNCO	Cencosud S.A. Sp ADS	19.90	+2.92	+17.20%	500
GMXR	GMX Resources Inc.	0.90	+0.08	+10.40%	17,058

After Hours Loser:

BASI	Bioanalytical Systems ...	0.89	-0.10	-10.00%	7,100
THQI	THQ Inc.	0.53	-0.05	-8.60%	10,000
SEH	Spartech Corp.	5.06	-0.32	-5.95%	16,312
VSH	Vishay Intertechnology ...	8.84	-0.55	-5.86%	2,455
IDE	ING Infrastructure Ind ...	15.55	-0.95	-5.76%	500
HOTT	Hot Topic Inc.	9.17	-0.52	-5.37%	6,797
KINS	Kingstone Cos. Inc.	5.87	-0.29	-4.63%	30,200
OSG	Overseas Shipholding G ...	10.12	-0.48	-4.53%	10,514
ISS	iSoftStone Holdings Ltd.	5.72	-0.27	-4.51%	100
SKH	Skilled Healthcare Gro ...	5.95	-0.27	-4.34%	4,154
TSYS	TeleCommunication Syst ...	1.33	-0.06	-4.32%	200
AZC	Augusta Resource Corp.	1.63	-0.07	-4.12%	200
XIN	Xinyuan Real Estate Co ...	2.90	-0.12	-3.97%	400
ISRL	Isramco Inc.	108.85	-4.11	-3.64%	206
JRCC	James River Coal Co.	2.76	-0.10	-3.50%	200
XTEX	Crosstex Energy L.P.	15.50	-0.56	-3.49%	9,820
EGY	Vaalco Energy Inc.	8.61	-0.31	-3.48%	5,276
SHIP	Seanergy Maritime Corp.	2.01	-0.07	-3.37%	200
LTD	Limited Brands Inc.	42.53	-1.42	-3.23%	385,634

Stocks for Day trading: UVXY, XIV, SVXY, TVIX, GLD, TZA, FAS, FAZ, GMCR, NOK, PCX, WLT, ACI, HAL, MT, X, FSLR, TPX, RVBD

Stocks for Option Trading: CAT, XOM, SPY, QQQ, IBM, PCLN, AAPl, WLT, PCX, GOOG, MT.

Upcoming FDA approval  : SLXP on July 5th. 

3. JUL. 2012    Today´s Highlighted Webcasts

	SYMBOL	COMPANY	EVENT TITLE	WEBCAST	TRANSCRIPT/BRIEF	TIME (ET)
	EEP	Enbridge Energy Partners LP	Enbridge Energy Partners L.P. Business Outlook and 2012 Financial Guidance Conference Call			10:00 AM

Dividends

	SYMBOL	COMPANY	AMOUNT	EX-DATE	PAYABLE	RECORD	DECLARATION
	BMY	Bristol-Myers Squibb Co	$0.340	3-Jul	1-Aug	6-Jul	26-Jun
	AXP	American Express Co	$0.200	3-Jul	10-Aug	6-Jul	1-May
	MDT	Medtronic Inc	$0.260	3-Jul	27-Jul	6-Jul	21-Jun

Economic calendar:

TIME (ET)	REPORT	PERIOD	ACTUAL	FORECAST	PREVIOUS

10 am	Factory orders	May		0.1%	-0.6%
TBA	Motor vehicle sales	June		13.9 mln	13.8 mln

Today's Event (EST): None scheduled