Parabolic moves like these useless stocks is a typical indication that we are not far from the near-term top. There are tons and tons of stocks that have made parabolic moves like DDRX and that is just NOT sustainable. Besides, take a look at $NASI, $NYSI, $NYA50R etc. and all of the technical indicators are screaming an extrememly overbought market. I would keep my eye on $VIX to spike to confirm rising fear/panic in the market so that all the people in bullish "green shoots" camp have to think twice about their opinions!
Upcoming catalyst on May 4th: Stress Test results. "Buy the rumor, Sell the news" reaction is expected!!
Long Puts : QAVRF, XLYRV, PXDRD , QAVQE
