“Failure is not fatal, but failure to change might be.”John Wooden

We just can’t seem to get a good breakout, yet.

Consolidation is great and tight consolidation, as we’re seeing, is even better.

I was close to dumping my mining stocks today but I’m seeing so much bearishness and short entries talk, and we’ve already fallen quite far, that I held for now since those are signs of bottoms and most miners are at strong support areas, not breakdown levels.

(Click on image to enlarge)

Still stuck in this flat channel for SPY.

Not much to say until this changes.

I’ve got a 10% weighting from 202 still with and eye on 217.50 for a stop area.