Bryan Piskorowski Month Quotations

We're wrapping up a year where we saw the Christmas rally happen in the autumn time frame. There's not much gunpowder left in December, so it's a month of digestion.

The big picture here is that we're pretty quiet. We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.

Clearly trading here in the month of May feels more like August. But bottom line here, yes, we are, we're pinned in by interest rate uncertainty; we're pinned in by the Fed meeting coming up at the end of June. Obviously with those two things hanging over our head, the bottom line is the market really hasn't been taking a position on either side of the coin. In the last two weeks, we've basically been trading -- I can't believe this -- in the 10 percent range on the Nasdaq. But that's what it's been.

Clearly, trading here in the month of May feels more like August.