By Jeff Pierce

This continues to be the most boring market I’ve ever seen. Boring in the sense that it’s untradeable as there really is no true trend. The markets seem to go up and down like a yo yo and while the markets are at highs something just doesn’t feel like it matches up between what is being reported in the headlines and what I’m seeing in market internals and scan results. Below you can see the Dow’s range is tightening and sooner or later this is going to breakout or breakdown and when it does the move is going to be large. Unless of course it’s a fakeout and the move reverses….

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