Chop, Chop, Chop

chop

Just a quick update.  Since Late July the market has been in a very choppy tight range.  I am still waiting on a decent pullback to get an opportunity to get back into some trades.

I would prefer the S&P had a 5% pullback which is certainly not unheard of at this time of the year.  As always, no one knows what it will do next, but I feel there has to be some decent selling before we will see another rally into Christmas.

So until then I am staying safe and sitting on my hands.  It ain’t exciting and its not making money, but a better and safer opportunity will come, it always does.