Trading for the Masses

Where are we going? The chop continues to go up, then down, then up. Its been a tough few weeks for this trader as the earnings drag on to a finish, with CSCO beating but sales were down. No idea what it all means, nor does the market as it continues to pause and really spin and go nowhere the past few weeks. The thin volume isn’t helping much, but we are getting lots of chatter about how “traders” are will to take on more risk to the upside. Personally I have no idea what that means, but that type of talk coupled with a low VIX continues to flash “warning, Will Robinson” signs for me. We shall see where we go today. 1414.5 as I type 40 minutes off the open.