It seems like this weekend is crunch time for Greece and the EU. At first I thought it was inevitable that Greece would exit the euro... Now I'm not so sure and it all has to do with Face.
In Chinese culture, nothing is quite as important as the concept of Face. Face represents a person's reputation and feelings of prestige within multiple social circles, including the workplace, family, friends, and society. This perhaps is the one of the most difficult concepts for most Western societies to understand.
Gaining and losing Face is serious business and could be why the EU and Greece may resort to a Face-saving solution. Greece will get what it needs (53 to 55 billion dollars) and the EU saves Face by keeping Greece in the euro zone.
So in my opinion, the whole EU deal rests on Face and not on billions of dollars. We should see this tragic, comedy of errors play out this weekend and be settled. Certainly the markets would like that to be the case.
It seems all we can talk about in the markets are the ongoing Greek charade or the next talking point China. You will hear no end of experts telling you what they think of Greece and China and what will happen if this or that takes place. The reality is, no one knows for sure what's going to happen.
My advice, simplify, simplify, simplify. Keep it simple as the market doesn't pay you more for overthinking. In fact the market doesn't care what you or anyone else thinks, it's going to go its own way no matter what.
And that's the beauty of the Trade Triangle technology it doesn't over think the markets. In fact it doesn't think at all it's an algorithm.
To the best of my knowledge, no one predicted the recent weakness in crude oil. As everyone knows usage tends to be high in the summer months when people travel for vacations.
Remember I said no one knows, however, the Trade Triangle technology is an unbiased algorithm that literally goes with the flow and does not overthink any situation. You only have to look at a chart of crude oil to see just how this simple unbiased approach has performed. The Trade Triangles have made close to a 150% return in the last eight days based on latest Trade Triangle signal. That represents a gain of about $6,000 per contract in just over a week, and that's not listening to anyone except what the market is telling the algorithm!
So when it comes to investing and trading look no further than MarketClub's Trade Triangle technology as it will over time far outperform most of the so-called experts out there.
Today, I will be looking at two stocks that gave important buy signals yesterday.