When You Come to a Frank Sinatra Fork in the Market's Road...

With stocks selling off, or at least giving a noticeably lukewarm reaction to AMZN CMG BIDU FB's stellar reports this week, among others, bears want to see "Something Stupid," the famous Frank Sinatra song, in the form of the many whipsaws we have seen today eventually lead to a nasty selloff into the closing bell.

Or perhaps we as traders need to avoid doing "Something Stupid" in the form of forcing in too many trades to try to "make" something happen in what is clearly still an indecisive and rangebound market.

In other words, continuing to take things "Nice 'N' Easy," another Sinatra gem, likely makes sense into the weekend, albeit with potential new leaders like LULU in the making.

We will flesh out the LULU action of late for Members over the weekend.

But for now, nice and easy it is instead of something stupid.