Just Business As Usual

While the momentum ran out of steam, the overall market held up ok considering the gains we've seen of late. Weakness in the dollar once again helped keep the bears at bay.

That said, it was a quiet trading day and not one I'd read much into or attempt to draw significant conclusions from even though I'm sure that won't stop others from giving it a shot. Looking over my news and blog feeds this evening, it seems like there are three camps out there: bulls who think this is just a pause that will refresh, bears who think we're stalling out, and those who are uncertain of either and frustrated as a result. The latter is probably the most popular group from what I see and hear and its completely understandable why this may be. The market is not providing a lot of easy setups at the moment and that alone will tend to irritate the troops.

Read more of my after-hours report.