Nothing Substantial...

The next few days will be quiet until the instiutional investors come back from their vacations. Once the new trading year begins, I expect that we will have a firmer understanding of where we stand and where we will head to next. I read an article last night on CNBC about following the VIX to time the market. You can be sure that the VIX readings are already beginning to feel obsolete. Most of the current breakouts feel either too weak or too speculative. I am feeling a bit neutral and waiting for more signals before I make any new moves.