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Traders Choosing to Sell the Rallies, Not Buying the Dips

Traders are not as comfortable with the market this year as they were last year says Alan Valdes of DME Securities. He sees traders preferring to sell every time there is a rally and that is why the market has not pushed higher. Additionally, with the Federal Reserve not buying bond assets in as high a level as last year, traders don't want to stay in the market for long periods of time. Traders are moving in and out more quickly causing stocks to be stuck in a range.