For a long darn time now, the market has been moving up and down, making and loosing the same dollar over and over. Blah!
Of course, there are hot-spots: Gasoline (UGA), some commodities (SLV, GDX), agribiz (DBC), and more.
"The metal (silver) has gained 33% this year. In comparison, gold has risen less than 10%... The $15 level is a break-out area for silver," said George Gero, a precious-metals trader for RBC Capital Markets. "Silver is not a pure precious metal. It's also an industrial. So what helps silver is the fact that there could be a recovery." (From IBD)
Essentially, the market has been marking time with millions/trillions of dollars moving about with nothing to show for it. (Hmm... that sounds familiar.)
There is a chance of movement though:
Click for larger, Browser back.
The last two highs in this daily SPY chart are lower than their predecessors. The lows are higher also. There are many more down days than uppers; I think I'm seeing a trend develop.
Probably best to wait it out until the market picks a direction. But, as mentioned earlier, there is a direction in several key sectors.
Rats! The FreeStockCharts.com hover widget doesn't work here. Oh well.