“Use your fear…It can take you to a place where you store your courage.”Amelia Earhart
Markets really didn’t do much this week as they continue to hold but they may soon roll lower unless we can get much better earnings numbers begin to roll out but that doesn’t look very plausible.
Stocks aren’t doing much either with some trying to get going a bit higher and some breaking down with larger moves coming on the downside so far.
I remain all cash so I’m keeping an eye on things, but not super focused for the time being.
I’ve been trying to go on a bike trip but I’m still waiting for a $5 part to arrive and I’ve got plans in two weeks that I’d prefer not to miss so it’s looking as if my trip may be postponed until later this month, but I may get away Monday if the part arrives early enough.
SPY is still holding the 205 area and the 50 day average and that is positive.
It does have a head and shoulders now which points to a break to 200 though so that looks to be the most likely move over the next week or so.
Enjoy your weekend.
Warren
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