Trading for the Masses

The market continues to be in grind mode. The retail numbers were mediocre at best this am and the consensus jobs number marginal. The volume is weak and we continue locked into the 1370 to 1430 range the past few weeks. Money on the sidelines, Maria keeps telling me, and Paisani confirms it. I have no idea what that means, but maybe it means retired people need higher interest rates and inflation is eating into their nest egg and stocks are down for the year and doing nothing for them. That’s about all I see. Until later, be careful out there, see if we can get down to the 50 dma @ 1355 next. The 200 dma acted as a shield for the market and has reversed for now.