The market is short term overbought and rallied on the lowest volume of the year and even racked up a 2-1 A/D line NYSE win but there is something amiss.
If you look at the selling that has happened it is pretty well timed and on most rallies DURING THE DAY by insiders mostly as they lead the pack in selling.
I hate this type of market as we all overtrade , over worry and overanalyze. It is quite simple ..be mostly in cash and use spec money to try to pick a top with close stops...you hit a 300 point down day you make your year.
longer term we are constructive but have bought all the way up and unless it is commodity related..no longs for us yet.
Tom
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