My opinion is that the market really has no reason
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My opinion is that the market really has no reason to continue to go up. And on a technical basis, it is really struggling to get over these levels. Market didn't really react positively to the Greek bailout, unemployment is inching up again, and a large amount of earnings for Q4 were actually not that good.
I am going to hold onto my VXX June 18 Calls for the time being and see how this plays out. If I am wrong, I will get out early.