Two things I see possible here, this is the more bearish version.
And that's the more bullish version.
Either way, its obvious that deep pockets keep dumping stock but whoever's buying them up has enough money to continue for a little bit. This was seen last week when housing numbers and producer prices made markets go up, this week when high inflation in England and FOMC minutes detailing increased attention to inflation made prices go up, and today, when low unemployment numbers and a falling manufacturing index made markets go up.
My prediction? Big money is pulling out and eventually, maybe July? the little guy is going to be crushed. Though so far, they've been given ample opportunity to take profits after each trough.
And that's the more bullish version.
Either way, its obvious that deep pockets keep dumping stock but whoever's buying them up has enough money to continue for a little bit. This was seen last week when housing numbers and producer prices made markets go up, this week when high inflation in England and FOMC minutes detailing increased attention to inflation made prices go up, and today, when low unemployment numbers and a falling manufacturing index made markets go up.
My prediction? Big money is pulling out and eventually, maybe July? the little guy is going to be crushed. Though so far, they've been given ample opportunity to take profits after each trough.
I usually try not to tell you what to do -- too crowded there. I'll point out what price points/trends/patterns the pros are looking at and let you interpret what that means for your portfolio.
I dunno, everyone seems to be with me now, if I stretch out my original lines, everyone seems to be saying another short at ATHs today and then down to lower 400s. So I thought maybe they're right and adjusted my original to fit that and it looks like June will be a mighty fine month. July/August may need caution though.