Groundhog Day?

Today was just like yesterday! Yes, boring, but still showing confusion and consolidation, and again another doji. Candlesticks say we need a confirmation candle to tell us which way the market will go…but all we got was a “duh!” Which way do we go?

Oil got slapped around today, but considering that move from $69.50 to $78 in just 2 weeks, it too was due for some consolidation. Gold had a great day, breaking out through the May highs. The US dollar had a down day but may be looking for a move up. If it goes up the stock market goes crap.

I got a few coins out of TZA in the early morning, but then just stood still for the markets to do whatever they wanted to do. I’m still sitting long and cash….and the long part has a hairline trigger!

Quadruple-witching options expiration day on Friday! And no economic data reports nor any earnings reports may make for a dull opex. The action probably comes back next week.