Market found support at first meaningful supports, showing that still many people are “underinvested”.
Whether it is the cheap money from the FED or the “not-to-beat” negative expectations for the current earnings … people still moving into a market which is extremely overbought. Some people see it as the most overbought situation of the last 20-PLUS years.
Anyway … be aware that sentiment could change quickly … big companies keep cutting their forecasts and especially the financial sector is FAR from being a sound investment.
Maybe a classic case for SELL IN MAY AND GO AWAY?
I keep selling ANY SELL SIGNALS with double to triple the size of my buy size.