The market looks to want to sell off today. Take a breather. Last year at this time, I would expect a rally, but now I think this market will rally a little bit then sell off into the close.
What I'm toying with is the big purchase scenario. Where we hear the big investors gobbling up huge stakes in companies and is considered accumulation. Then I think there will be distribution, but this I mean, no one wants to buy any more shares, so the value of the stock is lower.
Sometime, maybe later this year, retail investors will see the market "cheap" and will start to nibble which like with wealthy (look at art market) people will spiral into record record highs for the Dow.
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