One further observation. Almost all markets have been showing weakening volumes, falling to levels not seen in a long while. This is quite a surprise as many sectors are also soaring to new highs in terms of prices. Conclusion? Anything can happen from here.

This also tells me that professionals are the market movers at present, and that retail investors have moved to the sidelines, putting their money in cash (if not literally under the mattress).

I'm wondering just how long the computer models used by the pros hold up without "mom and pop" in the market? A rising market by itself does not seem to be drawing then back. What will?

Maybe Lassonde has the answer.

...just throwing out a few thoughts for a slow day.

VP