There is still plenty of time for this market to hang around this high levels...potentially go higher or sideways for a while to draw the bulls in before MMs decide on a pullback before OpEx. So the safest way is to go with the flow....
It pays to stay alert on any move by SPX from now on....this index has huge potential to make big moves.
Crude Oil still have some room to go with a target price of between 70 - 72.5, we should see some resistance beginning from 70.
OIH chart still looks bullish, I am only planning to daytrade this ETF.
There was a headline on CNBC last week on high volume algorithmic trading using powerful computers...I try to avoid stocks that use those tools if I see them not behaving well consistently each day.
Eventually, those MMs will lose due to lack of market participation....IMHO. Simply because they will be moving the market on their own. Of course there are some stocks that behave nicely and still use algorithmic trading....and these stocks have credibility and creates trust among all market participants....
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