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The market as defined by the S&P500 is at all-time highs. Stocks again seem to moving higher on some renewed optimism. As sentiment seems to be the predominant variable currently, that could change just as quickly the other way.

I remain market neutral, quite happy to let the market move which ever way it wants, while feeling no particular need to try and predict that move.

This essentially sideways action however is extremely frustrating and makes for the most difficult environment in which to make money. This is probably why frustration levels are rising. There is only one strategy: sit tight and wait for a trend to emerge. It will. It always does.

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