Exhaustion

Market still offers more buy set up than sells, but strong follow through is rarely seen. It is change of character to me, in April and May, stocks pivotal up attacted money flow very quickly, lead to blow out and price never looks back. In contrast, the hot sectors that led Friday's rally, including Homie, CRE, Retailer and hotels failed hard today, some stocks just broke important resistance only lost most gain today.

earlier buyers still don't want to sell because there is no catalyst to downside, for now. But a ponzi scheme without new suckers coming in to hold bigger bag will eventually collapse. So I expect market back and fill for a few days before it starts meaningful correction.