Retail Investors in the Stock Market- Another Sign of a Top $SPY $QQQ
There are 2 groups in the stock market….Smart money and stupid money…Institutional money and retail investor money. Retail investors always get in at the top and sell at the bottom. Even though I am long and following my system I am cautious due to low volume rally we are experiencing as well as the bullishness of the retail investors.
I watch for distribution days and heavy selling in which we had prior to this ” rally”. This rally is so far on weak volume. My key point is to be cautious. Follow your trading plan. No opinions on the direction of the stock market.
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