Boooooring but profitable

We continue another week with a boring market. The fund's positions daily are up 8 cents and down 6 cents on $40 and $50 dollar stocks. This will put one to sleep if you are not careful. There is little to move this market and little to expect that could move the market. Europe is on hold with Greece and US is on hold until the election and maybe afterward too. So what you get are nvestors and traders with no conviction. No conviction means little capital is put to work and thus no movement in stock prices.  We have one stock today that has moved more than 5 cents and that is GG. Goldcorp moves a bit more since the underlying asset is gold. Earnings reports continue to show no trend except being somewhat less than expected and with the prevailing opinion of less economic growth forward that keeps people from deploying assets as well. 

For the stocks on my watch list, CYS reported a good number today and we are looking to find an entry point for a long term option there.SCCO continues to meander around $35 which says no one really know where the economy is going. I consider SCCO backing towards $30 bearish and moving towards $40 bullish.  T has moved up a bit and cut into the small bargain it was earlier this month when we added to our position. LO which had backed off about $5 earlier due to worries about menthol regulation is back to the low teens. So unless you have interest in the two names I mentioned earlier this week the best thing one can do here is sit and wait. However people who add regularly to mutual funds via work related 401-k's are getting to add money with no appreciation so that is good. 

For traders like us this market makes for boring profit. Our set positions in options that expire the end of next week mean another chance to sell for maximum cash flow. May the force be with us or at least for another 7 trading days.