14 May 2013

SP 500 and NDX Futures Daily Charts - Rally Tuesday

"Never have investors reached so high in price for so low a return. Never have investors stooped so low for so much risk."

Bill Gross, 14 May 2013

Today was rally Tuesday when the banks and funds decide to take stocks up.

Check out the results for the last few Tuesdays. This makes more sense for today's rally than anything else I have heard.

Be careful in challenging the technical when they are driven by hot money and abetted by lax regulation. We've been here before from 2004 to 2007.