*SCALPSWINGSTRADDLE*

[SilverSurfer]

The six-month uptrend in the S&P500 was finally broken today. Six months of face-ripping gains. Six months of top-callers being wrong. Six months of some of the “worst” stocks outperforming some of the “best” stocks. I mean Bank of America doubled in 3 months. Doubled. JP Morgan was up just 50% during that December to March period. Is Bank of America twice as good a company as JP? No, it’s just that market participants were caught on the wrong side of the trade. And that’s the sort of mispositioning that causes awesome moves like this.

Here is the chart that shows the 6-month uptrend in the S&P breaking today:



http://allstarcharts.com/