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Intel Corporation Message Board

  • littlestewie88 littlestewie88 May 21, 2013 9:25 AM Flag

    Just A Thought

    The S&P 500 hasn't had a back-to-back loss since mid April's pullback and has finished higher on each of the Tuesdays in the past two months. Such a track record suggests that it would probably be another up day for the broader market index today. However, with the Russell 2000 running into resistance and VIX heading higher (+4.6% at 13.02), expect some sideways consolidation. The overbought condition continues to suggest a normal 2-3% pullback, which is inevitable. As long as there are still buyers picking up every dip, it will likely be postponed.

 
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