kftx Friday sums up the week;

BLAH. Oh there were a couple moments last week of 'uncertainty' with a big dip or so, but all in all the week was just plain dull and little movement. The President fired the FBI director, the "resistance" (Democrats) went ballistic, the French welcomed a new President, their right wing went ballistic, earnings were announced and the markets did what?

YAWNED.

It seems that for something to really get the markets to wake up and capture investors/traders interest it is going to have to something

REALLY BIG

.

What could it be?

(see below) As noted in the headline, you can't make a case or spin a tale when nothing happens. To review, Friday was a very slow day with the three major averages drifting. The

Dow

lost

23

, the

S&P

dropped

3.5

and the

NASDAQ Composite

gained

5

. Move along folks, nothing to see here. For the week, the

DOW

lost a

half a percent (-110 points)

closing at 20,896.61, the

S&P

lost 0.3%

to 2,390.90

BUT

the

NASDAQ

rose 20.47 points (0.3%)

to 6,121.23.

Oil

picked up about

4.5%

on the week,

10 yr treasuries

settled at

2.34%

,

gold

was unchanged at $1228

BUT

bitcoin

charged ahead by

+$183

to $1777, even after dropping sharply Friday. The

KBW NASDAQ index (KFTX)

lost 0.06% (6.91 points)

to finish at 1153.23. So, as I mentioned above, news is certainly

NOT

moving markets right now. The

BIG BIG

thing to watch out for is market action alone. What do I mean by that? The movement you can't explain is the one the 'kills you' because you don't know why. With a news event

EVERYONE

can explain the move and adjust. Bad news? Buy the dip as the robots are wired to do. Good news, sell the rally cause that's what robots do. The markets start sliding

ON NO NEWS

, what do you do? You don't know the reason so you can't react. Robots don't know what to do. The

"NO NEWS MOVES"

are the worst and start for no apparent reason.

We are close to that. Don't be caught trying to reason because it won't matter. Sell in May and go away and don't get caught.