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home / news releases / SPY - Corrective Action Isn't Surprising


SPY - Corrective Action Isn't Surprising

Executive Summary:

Last week, I questioned if the bull case had become a little "too easy" and, in turn, a bit too popular. The implication was that the recent joyride to the upside had become more than a little overdone. Cue some options unwinding, some profit-taking, and some forced selling, and voila, a correction/pullback/consolidation/pause ensued. But with our Primary Cycle board still sporting a lot of green, it is probably best to give the bulls the benefit of the doubt here. The bottom line is the move in many of the poster children had gotten

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Stock Information

Company Name: SPDR S&P 500
Stock Symbol: SPY
Market: NYSE

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