Intraday It Was Fun But Overall It Was Just A Meaningless End To A Volatile Week.

Stocks spent most of the day Friday in a volatile random pattern but ultimately finished unchanged for the day. The SP 600 was the leader up .37%, the Nasdaq fell .07%, the SP 500 fell .09%, and the Dow Jones Industrial Average was the laggard with a .27% loss.

Volume was lower across the board, giving the indexes the fifth day in a row of extremely dull trade. Breadth was pretty even on both exchanges with decliners just beating advancers by a slim margin.

The low volume and the unchanged close pretty much sums up this week. Dead and quiet. There was and is nothing going on until the Fed meeting is finished on Thursday. News flow is weak and the CNBC talking heads are all over the FOMC meeting already. So that is where the focus is. This is the kind of stuff that puts me to sleep.

I hope everyone is enjoying their weekends. You might want to think of extending them this summer and/or going on a vacation. This market has nothing but defensive stocks leading and if this volume is any indication of what is to come there will not be a lot of action and great opportunities to make big money.

The only positives is it is pretty darn bearish out there and we are oversold. I posted some interesting articles at Investors Paradise and some readers have posted some gems that I am sure will definitely shine some light on the current situation if you are still confused and don't understand what I mean when I say "don't trade this market, stay cash heavy, and go do something fun."

Have a great night and I shall see you tomorrow. Get ready for another boring week. Hopefully, by making that prediction we get some action. The way my portfolio is positioned I am rooting for downside pressure. Aloha!


New Swing Longs: HMSY

New Swing Shorts: KRI ITWO GTRC BDY

Longs Outperforming: PNRG-60 SMSI-94 AOB SYKE UARM FORR VLG-25 CTXS-43 DDS ABI BAM-26 CBEY KNOL-142 USEY OMNI-145 TYL EYE LCC-147 CVO-104

Shorts Outperforming Market: SIVB ELY TMO DIA DB AMAT RF UAG TRI MEOH ZRAN OCAS UNS WDR FLA WABC MAFB BTH IKN VCG NAL APOL SOMX CKXE BBBY