Makes sense --So true that we have to wait for major players. Maybe there will be a pop if Fed eases but I don't see them doing it, especially post Greek elections that didn't implode the markets. But then again that is why the markets have been heaving higher the last two weeks including today
US market is moving into a period of relatively lighter selling based on my models.
I am expecting a nice rally in the broader markets from here. The short term trends are turning positive and suggest a price target of about 150 on the SPY.
I don't expect NOV to do well based on my prior comments. Certainly not relatively well. If it's not going to do relatively well, then hedge funds will keep shorting NOV and buying SPY and will make money doing so.