Very Anemic Stocks Action

“Don’t let what you cannot do interfere with what you can do.” –John R. Wooden

Another choppy day as we go nowhere fast with earning nothing to write home about and markets seemingly on summer vacation already.

I’m back to an all cash position after being stopped out of FB for a tiny loss but if it tried to go again I may give it another shot.

SPY still looks to want to test the 210 resistance level very soon but from there I’m not sure if it can continue higher with earnings as poor as they’ve been this earnings season.

The monthly charts are not looking so hot at the moment but wilder things have happened.