The right parties won in Greece but that does not necessarily translate into a rally for Monday.

The pro-bailout parties won in Greece with enough votes to form a coalition government and avoid a default. Futures have been as high as +11 and as low as +3 with a lot of volatility.

There was so much buildup going into the weekend vote that we could see another pop and drop for Monday. Remember last Sunday night the futures were up +16 and on Monday the Dow lost -147 points. I am glad we did not enter any positions in that volatility hurricane.

We could be setting up for the same thing on Monday. For that reason the regular OW newsletter will be published on Monday night. Let's see what happens and then place our bets.

Jim Brown

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