huge money coming into tech stocks...VGT now up 1.5%.
This can be a rip the heads off the shorts rally.
Doesn't mean we won't retest the lows, but this is big money coming in...and we know many many big pots of money paid up big prices for puts. Which could start being large losses in a nanosecond, requiring buys to hedge.
Wishful thinking? Before today there was something like 3.4 trillion dollars that had exited the market. Now it's back in? Doubtful