Can only stay so long at the top of the Bollinger bands. Bottom indicator says it is time to start to form one again. RSI says staying overbought can only last so long, where are the volume buyers? What will be the catalyst, earnings, in a world used to stock buy backs at the hint of bad news or poor fundamentals and forward guidance being lowered yet again, being shrugged off by the buyers, buying still. Buy, buy, buy, eventually leads to sell, sell, sell. Rotation to big cap, that's over too. Where do I get yield, searching, searching. TLT rising, and set for a jump higher. USDCNY also set for a trip higher. What will FED do? We have an election coming, and the Dems need low volatility, higher stock prices. And the BOJ buys stocks when their market slips, to the tune of what number, unbelievable, so the Japan govt owns majority stocks in their big caps, and disclosed it? Begs the question, what is the US govt doing, and how much, and why isn't that info disclosed? The scales are tipping, "sell in May, and go away?" Maybe not with the election looming, but maybe it will have to, so it can revive just before the election to give everyone a warm and fuzzy to vote Dem. Who needs a fix when it isn't broken. And what exterior catalyst will move, China devalue? Saudis and Oil? Japan and abenomics? MMMM, who would want to effect an election and why? Geopolitical effects on stocks could TRUMP fundamentals and earnings. I have no idea, but what are the odds. All factors or wanna be's to consider. All I know is, the indexes aline, are all overbought, and their Bollinger's are stretched fort a change.
