- A new trading pattern is emerging where stocks are moving rapidly higher for shorter periods of time before being aggressively sold. This suggests that a shorter-term trading mindset is in order.
- In the case of the homebuilders, some sort of bounce is possible at any time, given the heavy selling of late, plus the quiet decline in bond yields.
- Slowly but surely call buyers have been wearing down the bears in the S&P 500 SPDR ETF options market with the net effect being that the overall market still has a bullish, albeit choppy trend.
For further details see:
Beat The Choppy Market With Acute Attention To Detail