Risk is High This week

We have been beating the subject to death over the past week, but unfortunately the theme has not yet changed; until the QQQQ turns the corner and until the S&P breaks its trading range, there is really very little that we can do but wait. Of course there will be stocks that move this week, despite the fact that Friday is triple witching day. Separating the good from the bad is the hard part in a flat market. We continue to expect a bullish outcome to this deadlock but until we are proved right or wrong risk will be high.