Back On Board

Finally the computer is up and running again.

The market seems pretty bland thus far today – and we are waiting for clearer signals before putting any real money to work. As always, the goal is to protect our capital – and our stance has always been to watch and wait until the market tells us what to do.

Without a doubt, the market had become over-heated. But the Bears have had their way for a few days now – and the question is whether the Bulls will step back up and retake control. And will the Bulls allow stocks to move back up – or will they flip and take gains as quickly as they are there?

Technically there has been no significant damage. Plenty of charts have bases and are still just fine.

So we simply just watch and wait – vigilantly keeping our eyes wide open. In the meantime, we will get back to charts and reading.