alajac

Weekly Street Sentiment: Sell-Side Tells Buy-Side the Rally Is Over

Actually there was a whole bunch of Index PUTs that were expiring at the end of June, so there was a vested interest on the part of the people who had sold those puts to make them worthless pushing the Index price up a couple of bucks by buying stock and holding it for a few days. That pressure is done and so I believe we will go down for a while here.