Firing Range

When the markets go up it is pretty clear they are going up and when markets go down it is pretty clear they are going down, but when one day you think the market is going up and the next day you think it is going down and every other day is the same then the tail is wagging the dog.  One of the frustrations I've noted about range bound markets is that I tend to come in with bearish bias only to watch the market rip that day or I have a bullish bias only to watch it fade.  It's not simply a death by thousand cuts, sometimes it's like standing in the middle of a firing range.

3 Month Range

There still hasn't been much headway on the Russell for 3 months now.  The reversal yesterday didn't follow through today and perhaps today's move will not follow through tomorrow, or maybe it will -it's the way things have been and it's things have played out.  I'm going to do my best tomorrow to simply walk in neutral and see how that view looks.