No Ouija Board Necessary

We don't need an Ouija Board or any type of séance to know that the market is still acting fairly standard for the week leading up to the unofficial start of summer and a long, holiday weekend.

Stocks are drifting again as I write this, with mostly mild digestion of recent gains, albeit with the financials lagging a bit. I have a few long positions on but am not in a hurry to add, just yet. And I am certainly in no rush to try to time a top before Memorial Day. 

Squeezes this week in the likes of NFLX, a leader which had been sporting a very spotty chart of late, drive home the significance of how careful shorts need to be in this environment. 

Headed into next week, the Dollar is coming back to its broken, then recaptured, fifteen-month support trendline. I suspect the outcome of this test may impact plenty of miners and commodities.