Tech has been pretty much the strongest sector over the last month. Momentum players are focusing to buy on pullbacks.
That got some people thinking' maybe I should buy.
People are still concerned about whether we will have a liftoff in the fall or not. That's the big driver.
The trend isn't broken and you need to go with it until it breaks.
Those are the two things one everyone's minds, that's why you have some of this selloff.
That's why you have some of this selloff. We're down but it's not like the sky is falling.
Until it's all said and done they're just jockeying for position back and forth. The negotiation process still isn't over.
It's a quiet one today. With the fed coming out thursday nobody wants to take any real shots.
The s&p has had five down days in a row and a lot of people are starting to nibble.
The billion-dollar question is, has everyone gotten so complacent that we could see things roll over?
If stocks rally up to a declining 50-day average, people will sell against that.
Ultimately I don't think it can be resolved any time soon.
