No change

Market is non-directional right now. I am going to stay 100% Cash for now. Market sentiment is very bullish but there are not enough bulls with money to commit to this market (look at the volume). None of the bad news is making any impact on the market and that is very strange to me. Of the face of it, it looks like the market is simply manipulated to stay afloat. So, whoever is ablt to manipulate the market, must have a purpose in mind and until that purpose is achieved the market will remain afloat unless the entity runs out of money. It is too dangerous to trade in this market. This market can stay like this for a long time. Or it can shoot to the moon anyday. Or it can tank big time. So, you can't play this market even with some options play. Suppose you buy out of the money calls and puts and the market does not go anywhere. Best thing to do is to stay on the sidelines. But, if I were forced to play the market, I will play on the long side and be willing to withstand volatility of plus and minus 10% on SP500. The upside may be 1000 on SP500 while the downside may be limited to 820 for now. The P&F 3-box reversal charts have the next target as 935. Who knows.