So far, it’s been another week of muted movement.  We believed the markets were due to try to lift a little at the time of our webinar but did allow for a “failure” scenario if the SPX couldn’t rise back above our purple resistance line that helps to form the channel the SPX has been trading in for some time.  That scenario looked to be playing out with yesterday’s weakness.  However, a lower low hasn’t been registered yet and the Gang is elevating the futures markets quite nicely this morning.  So…once again, we’re hung up in markets that seem to be going nowhere.  Today’s open is set to take us to near Tuesday’s at which time and price levels we made our selection.  We have to hang in there and see what further develops which is frustrating because our bull side was largely working on Wednesday when the markets were positive and the bear side was largely working yesterday in a down market.  We seemed to have latched onto good names on both sides but we need sustained movement as opposed to this back and forth stuff.  Hopefully today and early next week will deliver that.

Some may have decided to jump into some names although the market has been mixed.  We’ll try to get a summary out depending on what happens today.  All in all, good signals, not enough time spent moving in one direction…yet…

Wayne