Market appears to be taking two steps forward and one step backwards, yet remaining near recent HIGHs. However, DO NOT chase the market at current levels due to high risk. What shall we expect in near term?
This weekends post will be delayed, thanks for your patience.
Market is near all time HIGH and nothing appears to get in the way. As we mentioned earlier, when everyone is expecting pullback/correction then market tends to do exact opposite. What shall we expect next!!!
Market shows NO SIGNs of slowing down and continues to make or remain near NEW HIGHs. Everyone is expecting/waiting for a pullback or correction and this market is in NO mood to do just that yet! How long before next meaningful pullback/correction?
Every one is expecting a pullback and yet market continues to make NEW HIGHs. Nothing seems to STOP this market from marching higher. What happened to "Sell in May and Go Away"? Where are summer doldrums everyone was talking about back in early May! What should we expect in coming weeks ahead?
Market managed to make NEW HIGHs in low volume environment in past few days due to lack of any major economic news. Earnings season is behind us and next week will bring key economic news which has potential to move this market. What shall we expect in coming weeks ahead!!!
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