SPDR S&P 500 (SPY)

[gumbie05]

This is what they use to call in the Old Days...."Distribution Phase!" Read the "The Business of Trading in Stocks" by John Durand....written in the late 1920's or early 30's. The News for 2015 will be How great things are getting and that the economy is "gaining steam, hence no need to worry about a little rate hikes here and there". The market will Churn for the better part of 2015 with every rally being claimed as the "here we go again to new highs theme!" Make NO MISTAKE....the Distribution Phase is well under way and if you can trade it back and forth- good for you! If you can't...Don't be caught Holding the Bag when the Distribution is Done! JMHO