Fresh Supply

The market will be seeing some supply in the next couple of weeks. It has been pretty quiet this year on the supply front until now:

• There is a $5 billion dollar offering of Met Life shares scheduled.
• HCA is scheduled to price its $3.5 billion IPO next week
• EOG resources just priced a $1.2 billion secondary

These large offerings will not be of help to the bulls in the coming weeks.