TTT erratum & update

In our July 12th issue of the TTT, the suggested entry price for the 2nd "Technial Trade" was mistakenly listed as $17.25 but should have been $27.25 

This was totally obvious in context of the chart, commentary, and suggested exit & risk levels, however we do apologize for any confusion or inconveniece. 

As of this writing, pre-market Friday, both of the latest suggested trades are triggered and at a profit.  The 2nd, if originally missed due to our error, may be entered at its currently slightly higher level or may be bid on at $27.25 or less as originally intended. 

The long position on the Euro from last month reached our initial upside target on Thursday, for a gain of roughly 12% in just over a month.  As originally suggested, we'll sell half now and hold the 2nd half with a target of $29 on an intraday basis.  Should it reach that level, we'll sell the remainder of our holdings at that 22% profit level.  The stop level remains the same, a close below $23.40 to limit risk to circa 1.5% based on our entry price.  We'll of course reiterate this in the next TTT.

With the news late Thursday of BP's apparently successful capping of their infamous oil leak along with July options expiration day Friday, and news of Goldman Sach's settlement with the SEC (as usual paying pennies of penalty on their dollars of profit and admitting no guilt nor serving time), it'll be interesting to see how markets move at this week's end.  So far the market action has been as we'd forecast, and approaching the upper levels of what we'd suggested the latest rally might reach.