Well, I cashed out like I said I would and headed for the track. The good news... they weren't running!
So I came back and decided to just sit out this market until it gave me some direction. I keep thinking "How long can you tread water"? And the answer to that is "Until the current gives me a reason to start swimming". I don't see any reason to get back into the market until it starts to DO SOMETHING. That will take discipline and patience and I have plenty of both.
In the meantime, it's a beautiful day and is promising to be a spectacular weekend. I'm going to kick back on Saturday... well, maybe I'll do some scanning. Can't help myself it seems. Other than that I'll be enjoying the long-awaited sunshine and warmth. Sunday I'm spending the day with an old and dear friend. We have so much to catch up on and we always enjoy a good laugh or two.
So, I'm wishing you all a safe and warm weekend doing things that you really enjoy. May have some setups later in the weekend. See you all on the stream on Monday.
BTW: Two weeks filled with earnings coming up. Trade smart.
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