The Next 400 Points

DaBoyz are putting most of their energy and effort into a relative handful of institutional favorites (aka  “lunatic stocks”), including AAPL, BA, FB, NKE and GOOGL. The goal of the stock market’s masters is to waft the broad averages higher using short-covering for fuel, and to distribute as much stock as they can ahead of the next big downdraft. They’ve been quite successful at it so far, producing a record-breaking January. How long can they keep it up? For at least another 400 Dow points, assuming my forecast for the E-Mini S&Ps pans out. Currently trading for 2717, they look bound for a minimum 2759. This might not prove to be the top of the bear rally, but it could stop the buying spree long enough for us to squeeze off an opportune short.