S&P 500 & Nasdaq Analysis and Trends

[TradingForWealth]

I've heard that too. Maybe from your post. My eyes are watching the May puts on the cubes to try and guage where we're headed. May 45 put is almost 40K volume so far. Although the DOW is on a tear I'm not seeing it in techs.

My thoughts are 1 of 2 things happen. 1 Techs take up the rear and start grabbing summer money from gains made in the DOW or 2 traders will sell off everything and go to cash on the thought that the market is overbought. Too many folks are starting to drink the koolaide!