The NASDAQ has remained in a range above its 200 day moving average and under its 50 day moving average for nine straight sessions going into trade this morning. Given that situation it's best to remain in the market but not necessarily fully. We're in the 60% invested area roughly.
At some point the indexes will move solidly up or down. For now it seems like the trade negotiation with China is top-of-mind for traders. If someone involved in that smiles the market gains 1% but a frown causes a 1% drop. We're left to hope that nobody gets an upset stomach.
UPDATE: POTUS left a smile on a micro-blogging site. (see above) Market went upwards on rising volume. So far no frowns.
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