Markets are overbought but volumes are light.
Only 47% of firms are beating their numbers this earnings season so far according to Bloomberg.
Notice the tight uptrending channels on the charts. This looks like a 'market operation.' Try not to get in front of it, but choose your positions wisely and plan for the worst.
The low VIX gives traders a freer hand to play their games. But make no mistake, if some headline falls on this market it could deflate rather quickly. Still, that's a big 'if.'
