Not Looking For A Great Rally

While I could see a continuation of this rally because we are so oversold, I am not expecting anything great. Sentiment never reached an extreme so any rally is likely to be pretty lethargic. If we come down again and get another scare that might set up a better rally.

In addition, the call buyers have come back as the rally is being embraced too quickly. My positions remain very small. Have a good night.

1 comment:

CP said...

I was thinking we'd see a rally today since it's a Monday and the first day of a month.

I think the selloff will quickly resume tomorrow or later this week.

REITs are the most overvalued sector in my opinion.