ZACH BASS - Market Recap

Well folks, this was an exciting day, wasn't it?

The fact of the matter is that the market is in flux, we are smack dab in the middle of a trading band on the SPY, we've got ultra low volume, and a stalemate between the bulls and bears as the bull/bear ratio has closed.

Until there's movement in either direction, things are indeterminate. For that reason, I suggest playing it very light, cash is best. If you're holding AAPL, tighten up your stops, sell/trim on strength.

We have long term resistance at about 149, which we must clear before the road to 160. If we approach 149 and bounce, take the opportunity to bank some profits.

The rest of the market is in flux as well. Just sit back and watch.

-zach bass