housam Jarrar

S&P 500 Near Overbought Levels

I that this market has been surrounded by skeptics ever since this rally began,which from a contrarian point of view is healthy.I believe that so much bad news has been priced into stocks that the only way they will go is up.Whether its a bear market rally or not,I have come to believe as a trader that the first mistake you can make is trying to fight a trend.Whether its from the bottom callers or the top callers makes no difference.The only fact that matters to me is that there are stocks out there and people are buying them.People as recent as the end of march claimed the rally will be over when the end of the quarter buying subsides,which did not happen..so claiming that something else might is just as foolish.