Mercifully, the stock market has been telegraphing each and every suffocatingly boring day in a month that has been filled with suffocatingly boring days.  Usually, one can tell within fifteen minutes of the opening bell whether we are about to experience yet another such day, since the ups and downs of the broad averages will tend to narrow after a moderate feint higher or lower on the opening bar. This tells us it’s likely to be a good day to go fishing, or to do something else we might enjoy, since the markets are unlikely to prove worthy of our attention.

While it’s easy to infer that all this tedium is purposed toward consolidation and an eventual move higher, I am suggesting that we consider an alternative possibility — i.e., that Mr Market is setting up a swoon or worse.  Accordingly, I am still recommending the purchase of DIA puts. For a more detailed instruction, check out the DJIA tout.