The dollar is flat. Oil is up, copper is down. Gold and silver are up. Bonds are up.
The market is confused and doesn’t know what it wants to do right now. The indexes have been neutral going back 1-3 months. The indicators mostly point down, yet the bears can’t take control. They’ve had their opportunities, but the bulls are always able to step in salvage the situation.
I get the feeling we have a quick move coming…that the market will either fall fast or suddenly rally hard. If the market chose the least-expected route, it would rally. Bearishness has grown a bunch lately, so a sudden jump would surprise the most number of people.
Be careful out there. The near term is definitely not clear and obvious.