screw it Putting 5 unit back on as expxting a gap up over the weekend Still got a lot of powder now as closed like 80% ealier!
Hmmmm, even a clean 6% drop would put markets back to where they were just 3 weeks ago!!! Even if there was a 20% drop it would look like a little blip on a 9 year Dow chart!! An indicator with a perfect track record just sent a 'powerful' sell signal Investors poured $33.2 billion into stock-based funds last week, another indication that the market may be overheating. Bank of America Merrill Lynch's "Bull & Bear" indicator is sending a sell sign, which has been accurate 11 straight times since the firm started tracking it in 2002. The indicator points to a technical pullback for the S&P 500 to 2,686, which would be about a 6 percent drop from the current level. Jeff Cox | @JeffCoxCNBCcom Published 5 Hours AgoUpdated 4 Hours Ago
Former market-topping money manager Jeff Vinik says we're in the '7th or 8th inning' of the rally Jeff Vinik shares his market views in an interview Friday on CNBC's "Halftime Report." "Don't fight the momentum right now, but we're probably in the later stages, 7th or 8th inning," he says.