I just don't see us breaking out of this range, not when the cash index is up 15% on the year already. So, we may pop higher -and i'll sell some more- but i see us drifting back into the range.
The longer this market fails to continue its rally, the more nervous the longs will get and begin to trim positions. This market hasn't moved anywhere since the end of March, so unless you are a s/t trader I don't see what the fuss is about. I see us stuck in a 740-790 range. If we climb and stay above 800 I will re-evaluate.
The longer this market fails to continue its rally, the more nervous the longs will get and begin to trim positions. This market hasn't moved anywhere since the end of March, so unless you are a s/t trader I don't see what the fuss is about. I see us stuck in a 740-790 range. If we climb and stay above 800 I will re-evaluate.