IS the rally over ?

Friday S&P 500 closed @ 1866.52 after hitting all time high of 1883.97 on Friday.

Technicians are extremely worried about this reversal.

They are predicting a challenging week with S&P 500 finding support @ 1848.

My read tells me that 1834 is first stop, next stop could be 1810.

This will be a healthy pullback.

Many sectors may do well in this pullback like gold, silver, steel,copper......

Most vulnerable are "high beta" tech stocks...they can fall quite a bit to their major support.

It is important to reduce your exposure in high beta tech stocks.

It is important to "change" with changing tide of Wall Street.

Many traders do not adjust to changes in sectors or anticipate upcoming change of focus due to rotation.

Rotation is a reality based on geo-political forces, policy changes or seasonality, we are facing all three currently which will result in major shift in sectors.

Please do not be fixated on exceptions when one or two stocks may buck the trend......majority rules.

Odds of trading success increases with exposure in seasonally strong stocks.

SO...change is here & adjusting to changes is the secret in making money.

TAPE has decidedly turned "very difficult" since the start of 2014...which is to be expected after 5 years of straight UP market.

Difficult TAPE is here to stay until Q4.......

BLOG does NOT give buy or sell.

Saleem