No more news, good or bad, to drive this market further.
Silent dumping started next week. Sheeples will not be alerted until it is already 500 points away. Watch the media to play dumm for the rest of this month.
These jokers and their trading computers are trying very hard to pull Dow above 14000.
The dumping might as well start this afternoon. All it takes is one "fat finger" touching the sell button by mistake.
Dumping starting next week? It started about THREE WEEKS AGO! Leaders like AAPL are way off their highs. Look at the leading sectors lately! Even on this clusterf*** day, the big winner is telecomm! LOL! IWM continues to struggle at this level.
What you said is not very acurate.
Anyway, with thin volume and robo trading, you have take the technicals into account. At the very least, today is Friday and the first day of Feb, so the rally is here to stay (for another day).
Unemployment rate will go back above 9% by the end of the summer. SPY Aug 100 puts are dirty cheap.