No Bell Curve Bias

42% of unemployed Americans are not eligible to collect unemployment benefits. Interesting if we were able to analyze the true unemployment in American including the homeless and unemployable, as the costs mount for all of us. How deep will the unemployment cycle hit middle business as jobs simply don't become available?

A bit of euphoria came back to the market Monday, in a week with an uneventful economic calendar. Just as we expected, we saw an upturn despite a negative put bias, as the market struggled to return to new support lines at 8550, which it eventually closed at :)

Traders that handle our open Friday signal for the June420C saw it run to highs of 15.10. We projected a high of 16.40 on this option, and consider it profitable twice now from day and one day holds. Futures were advanced pre-market enough to not warrant a put buy, and Bloomberg news was more than upbeat for a market start. It was great profit on calls, available as low as 12.60 in early morning buys.

The reversal of bias will bring us to almost "no bias," a reason to study our Dow projections carefully, which actually repeat last week's accurate forecast. The bulls and bears will fight at this level, and a bottom test to 8050 to 8150 is not unlikely. There is actually NOT that much good in the market.

Higher risk dual signals offered today in a "no bell curve bias." This means our signal buys could be "early" and require larger second buys. Our intuitive bias is a downturn.