The Greek tradegy benefits Germany. A low Euro currency benefits German exports. As long as Greece continues to remain in the Euro, all is well.
If Greece leaves the Euro, the currency will strengthen. Germany has incentive for keeping the Euro members together.
Generally when the Euro goes up, commodities and equities go up as the dollar goes down. When the dollar goes down, its time to load up on oil, gold and stocks.
As in stated on my other post; It all points down to VIX, the degree of market correction and selling volume.
As long as the VIX remains under 30, we have a sideways market. The higher the VIX goes the more volatile this market becomes. Real panic is when the VIX is at 48 just like last year. When the VIX is at 40 and above, that's the time to buy everything.
A 1%-2% market correction means the institutions are here to stay and are ready to buy more as buying opportunities present itself. For this market to go higher, a pullback is necessary. A market correction over 10% means we have a selloff.
Today's result suggest that despite all the high drama and noise, all Euro news are already baked in the market; at the worst case scenario we're stuck in a sideways market.
With all index and most stocks already OVERSOLD, any correction is minimal.
So unless we have a solid reliable sell confirmation, look for a buy signal, BUY TNA, trade the channels and make money.
Note; unless your good at technicals, unless you know how to trade, if you don't like volatility, don't trade TNA.