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As market enters usual noon time siesta phase, not giving up much of
recent gains - daily and intra day, one can't help but ponder....
or one may join market in dozing for a few minutes... but, while
market may take on a toppish look, I can't envisage this rally
ending in a whimper.
Thus, besides another rally attempt at the close of a pre-holiday
week, there is high probability of several more points tacked on before it is
all over next week. SPM 1210? 1220? NQ 1585? 1600?
By which time VIX would be below 11, markets would be overboought on longer
timeframes - daily etc, and top would be in, for a few weeks of sideways and
down moves during the Summer. Sell in May, or early June, sounds fine to me,
come back in September for next phase.
Not me, I will be here every day market us open! or almost every day....
--- Ben <profitok@xxxxxxxxxxxxx> wrote:
> The NYA Index is still showing that this Institutional heavy index is
> struggling to advance while the NASDAQ and the S&P moves higher. It improved
> slightly yesterday, and moved back over its trading range's resistance line.
>
>
> With Institutions not embracing this up move like the average investor, you
> have to wonder why, and wonder what happens when the average investor is
> fully invested if the Institutions don't start buying on volume. Currently,
> Institutional volume has been decreasing steadily on price up moves.
> > No virus found in this outgoing message.
> Checked by AVG Anti-Virus.
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>
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