market update - red light green light

The market is in one of those states, which is common at the start of the year. We are still in a hangover from 2013, we are in earning season, and the market is trying to work out a direction.

Right now as you can see on the S&P we have been going sideways since new years. The bulls are not winning, but neither are the bears by any stretch of the imagination.

To get some clarity we will need to break the highs and or the lows. So far the tussle continues. Due to the bull market characteristics, we have been seeing in this market, we tend to think some more upside is coming. However the timing is anyones guess.

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