What Next?

Commentary 
 
What next? 
 
It has not been easy to come up with trading ideas in the last few days. The clear opportunities just are not there. Yes we can play on minute price swings and what not. These choices I shall leave to those individual investors whose risk preference puts them more on the adventurous side. Not using the term risk appetite here because even clients with low risk appetites may prefer to look at a penny stock now since those are the only ones that are moving. 
 
Flows have started to turn negative on stocks. Clearly negative but, I am not about to scream, “Sell everything!” Legally speaking, I am not allowed to do so. On the other hand, I am not confident of a crash or even a correction as yet. The climax at a peak has not surfaced. 
 
What may happen next is a relatively long period of consolidation. Worse, if markets drift gradually downwards. Everyone prefers a quick correction so that it is clear what to do next. The market however, is not so straight forward.