The market pushed down most of the week and then had a powerful move on Friday. It shot itself back up to essentially even for the week. Support seems to be holding at the 6800 level for now. I would still like to see a meaningful pull back. We are overdue on that front.
The market is still not much higher than what it was in October and is struggling to pick a direction. All of the breadth indicators are showing a positive direction, so that is the direction I go for now.
I am now slightly down for the year. A little frustrating, but drawdowns are part of the game. At some point, this stalemate will break and the market (and my return) will move again.
