Rally out of steam…. Guess I will close my trading book for the year here. Re enter at the next correction.

I think the rally has lost steam.

LVS the champion stock is falling like a rock.

Financials are having trouble leading the rally.

With chinese interest rates hike imminent, this is a volatile market.

I see a slight correction in the short term. But I wont stay out of longs either.

Just keep watch. The bull rally might continue. But chances are weaker now that CAT the leader is already so high.