The Guessing Game is for Losers

We rolled through today's scans looking through chart after chart finding nothing but a whole lot of neutrality. This makes sense if you think about it. Options expire tomorrow, YHOO and INTL reported yesterday causing a significant gap down so a whole lot of people are afraid to make a decision here. Why buy when it is unclear whether the market will get hammered on today's Apple report? Why sell when the current pullback is getting close to overdone and there are two gaps overhead that still need to be filled? What this leaves are a whole lot of charts that are just not projecting much. This leaves us with two choices: We can either guess what we think the market will do here or we can wait for the market to show us. Nobody survives in the market very long if they make a practice of guessing, so we will wait.