The longer the market hangs around the new high territory, the more frustration it creates to those anxious traders standing near the exit. As soon as a minor pull back come along, these anxieties turned into fears. After these fears are spilled over, the market resumes its upward trend and punishes those that have tried to gain an upper hand thinking they can outwit the market. It is no surprise that the market is overdue for any type of correction. But as long as most of the market participants expect a correction, the market will not abide by doing what the majority is expecting. As experience has taught us, the market will never do the expected and will not play off the obvious.
In this video, we will look at the recent market price action along with a look at some stocks by request: BEAV, KERX & PBR.
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