10 more days left for Greece to cry uncle.....

SO here we are...again talking of another deadline on Monday June 22nd, as usual this deadline will come and go and no resolution....

Greece is not willing to budge on pension reform, eventually reality will force it to make changes for new pension program, like most countries where everyone has to wait @ least till 60 to collect pension, most get full eligibility for pension from 65, 66 ,67......

I do expect, that Greece will make the minimum sacrifice on pension eligibility for future recipients.....this will break the deadlock...

$860 Billion is owed by Greece, not a number to walk away from by anyone, be it IMF, ECB or Greece......this musical chair will come to a full stop on June 30th......

SO..brace yourself for more volatility till June 30th, all based on rumor vs reality......UP on rumor Down on reality.....

Dow is already below 50 DMA

S&P ready to go below 50 DMA

Nasdaq may test 50 DMA......

BUT..IF realism sets the tone and Greece makes an offer of compromise on Monday, then we may be looking @ Dow jumping 300 points......

Nothing is impossible deal or no deal...we have to be ready to benefit form either situation......

IF we have a deal, then by end of the day, profit needs to be booked ASAP...

IF no deal, then buy on weakness gets the nod......

Markets are always tricky, but you need to get your "own game plan ready "

Once Greece is out of the way, interest rates will jump , which will be the next headache for this market.

I expect US data to be strong from hereon......

Chinese data continues to be challenging, it is difficult to turn an economy like Chinese on a dime, so expect weakness to continue.

Chinese stock market is waking up to the reality of economic weakness and is correcting sharply in a hurry.

No matter how you look @, for the long run, US stock market, gives us the best growth scenario.

Booking profit is one thing, but staying in US equities is critical.

Good luck with your own strategic positioning in terms of exposure, weighting & comfort level.

BLOG does NOT give buy or sell.

Saleem