James "Rev Shark" DePorre
Recent Articles By The Author
Bears may fuss over the routine consolidation combined with rotational action, but here's how I look at the moves.
This looks like consolidation after a big run rather than a major shift in market character.
This action indicates that the institutional and big money is afraid of missing out.
This market offers plenty of opportunities for aggressive traders that manage positions carefully.
No news can explain the action -- whether the bears believe it or not.