Bonds still rocking and XLU down .34%. Core positions intact and trading tranches not too tightly stopped.

Look at the volume and price spike on XLU at the close. 

The book is "Investment for (your) children" by Wilfried Voorspoels. Only 19.99 Euro.

It's a Dutch "Investing for the Long Term" book with 15 different approaches, one of which covers your "Paint Dry System".

Awesome.  You're international stars. If there's a text or pdf version, I can give it a shot.

Ha. Absolutely not. Here's how you can analyze questions like that.

Bonds and Utilities held up very well (big continuation in XLU today with no RSI divergence on Daily or Hourly) through this low volume equity short squeeze. Again, risk off doesn't look over based on a number of factors. The odds look pretty decent again for Steve's statistical note.

XLU Daily

XLU Hourly

Time resistance coincident with month-end & quarter-end markups? I'm shocked.

Bonds up today and a poor, non-exhaustive low in equities. Risk-shifting doesn't look over. That, of course, can take place sooner or later, after a lot of short-squeezing for instance.

Bulls don't want these bounces overnight, as they work off some of the short-in-the-hole positions on low volume.

Taleb (Black Swan) has coined the term IYI - Intellectual Yet Idiot - for the global elite. Concur.

Another bang up day in bonds, with negative divergence forming.

ZROZ daily

Fade the central planners, as their market interventions fail & belief in their powers continues to erode.

XLUinitially confused, but now up.

No, but it could be a prelude based on party reshuffling.

Spanish elections are this Sunday, as Steve pinned above.

They will double down on unlimited liquidity, easing and negative rates -- financial repression. But after 5 years of no growth in Europe and all of the cultural problems there, risk will be faded. Italy is down roughly 40% from highs now. Others will join it.

All that said, watch for the pockets of hope to create more significant short-covering rallies.

Happy Independence Day to Britain! And a big shot across the bow of central planning. Think in terms of dominoes: Japan's recent efforts have failed; the ECB's have failed; now Britain out; Janet's very confused and will be left holding Bernanke's bag. Consensus long equities getting smoked today and Treasuries, Gold & USD up big. A loss of confidence in Central Banks is going to play out for a long time. Next step: Spanish elections. Trade the macro themes off the technicals.

/VX +60%

Yep. Made a lot of good moves today, but kicking myself for not taking a shot on vix options as the /VX hits +40% here.

Kicking complacency square in the bum. For every one local authority outpacing expectations to vote remain, there are 2-3 outpacing to leave.