|Day Low/High||20.33 / 21.21|
|52 Wk Low/High||16.54 / 53.46|
These buyers are most likely to be flippers and they will exit fast and kill the bounce tries.
If the macro issues calm down there should be some good trade opportunities.
But the fear of missing out is keeping a strong bid under the market.
Money is shifting to a narrower group of big caps, which is likely due to allocation decisions by large pension plans that are reacting to the Fed.
Not even dip-buying could save Monday as concerns lingered over a looming Fed rate decision following good jobs news and over reports in Chinese press of a lack of trade progress.
Despite steady selling Thursday the markets are not on the verge of disaster -- and thanks to several IPOs, opportunities are here.