The Joy of Doing Nothing...

This market can't decide which way it wants to travel. So, join me in leaving the office early and looking forward to doing absolutely nothing...

Dear Reader,

Comedian John Mulaney has a short bit about the joy of “doing nothing.”

He notes that “canceling plans” is fantastic.

But doing nothing is even more exciting.

“Did you ever ask an adult what they did over the weekend, and they say they didn’t do anything…” he asks. “Their faces light up.”

That’s how I feel about the stock market right now.

You might be sitting on a Friday payday, eager to buy new stocks or make a trade.

But the reality is that you should join our camp over here and do nothing.

Let me explain why that’s the best option in this market heading into the weekend.

A Downward Technical Channel

You might hear the phrase, "sometimes no trade is the best trade," out of my mouth.

There’s a reason for this. It emphasizes the importance of patience and restraint.

We stand on four pillars when we make this statement on a Friday.

First, we don’t have power over the market’s uncertainty.

When markets are highly volatile or unclear in direction, staying on the sidelines helps p…