Distribution Grows Less Subtle

by Rick Ackerman

DaBoyz jettisoned subtlety on Tuesday as they attempted to distribute as much stock as possible into a bull cycle begun last week that appears to be losing steam. The increasing urgency of this task was evident on the opening bar, a bull-trap rally that notched the high of the day. Thereafter, the futures sold off 60 points over the next hour and spent the rest of the session screwing the pooch. Don’t count the sleazeballs out, however, since they were hard at work squeezing shorts with a mid-evening rally designed to take advantage of poor liquidity and a dearth of sellers. The smart ones will hold off shorting until their hapless ursine bretheren have paid the full price for being early.

Continue Reading at RickAckerman.com…