Trendless

This market just can’t decide on a trend, and that’s fine.

Consolidation is great after a nice run higher as we’ve seen this year.

No real panic to get too heavy into stocks but trading a few here and there can be fine, although I’ve not had a lot of luck the last couple weeks and have taken a few small losses as a result.

It happens in choppy markets.

The metals were acting just great to kick off Friday but closed weak which is a pity.

Let’s see how Monday goes but I may soon be out of my mining positions.

The theme is lots of chop for the moment as we take a break from the ongoing bull market.

A nice range here for SPY which means you can play the lower and upper levels until we break one way or the other, most likely higher.

Enjoy your weekend.