Earnings season starts in full force next week. Could the run up in stocks over the last few months be over? Time for a minor sell off? "Buy the Rumor, Sell the Fact"! Seems like a good opportunity to book profits. I mean the parabolic rise in stock prices can't sustain itself for ever. Vix is very low, put option buying almost non existent, and a Bradley Cycle turning point on Jan 16th!
As long as new money are flowing into the market, it will go up. When the money flow dries up, it will go down.
Baruch true, new money keeps flowing into the market all the time. However, that doesn't mean it's smart money! I mean look at the recent figures on insider selling, its at an all time high! Everyone on the Street is really bullish, and expectations are high. I am just looking for a minor sell off (pullback) of 5-8% to digest the recent gains, and its looks like the earnings season we are about the enter is the perfect time for profit taking!
don't count da bull down and out just yet. gotta try and test dat top 1st. If not then I think we all know that the $SPX will hit 950.00.
Maybe. But follow the money - and the news. As long as they keep buying despite bad news, the market will go up. When the market begins to ignore good news, it's time to sell. Good luck.
INTC blows out the qtr. stock down -3.07% after hours, YHOO again blows out the qtr. down -4.50%, AAPL blows out the qtr. stock down -4.85%!!! Hmm, "Buy the Rumor, Sell the Fact"!!!