The dollar is up. Oil and copper are flat. Gold and silver are mixed and little changed. Bonds are up.
Coming into this week the stage was set for a bounce. After a solid up day Monday, doubt was cast Tuesday and Wednesday, but follow through Thursday continued to build a little upside momentum.
Overall the indexes are still range bound, so the internals will have to improve more before across-the-board breakouts can be supported.
Go ahead and trade, but I wouldn’t trust the market right now – 2-4 months of zero ability to move directionally will do that.