Daily Chart: Be Aware and Beware

Another lackluster day in the US markets, trading around and slightly above the open range. Earnings continue to be the driving force in the averages for now as we await the next leg up or down. Be aware that the closer we get to time highs the more magnetism to test as short positions get squeezed. The smart money is still looking for a significant drop in a surprise move down to the 1800 level. However, the only king in these markets is price, so be aware and beware. For now, the king says up. Hold on to your hats and stay nimble.

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