Watching.

Right now, the best new action might be no new action. Let things
shake out. There aren't a whole lot of meaningful setups anyway.

Someone said, “Luck is what happens when preparation meets opportunity.”

Success occurs when you have a definite purpose for your life and you take the initiative to follow through with action. You may make mistakes occasionally -- everyone does -- but any action is far better than doing nothing.

So what do we do now?

The market is severely overbought--gaining
nearly 6% in 5 days. It's very dangerous to buy it at this
juncture. Keep stops on open positions and wait
for a break of the range or a pullback to get involved with new positions.

Secret to becoming a winning trader is to make it okay to lose.

Winning is great, sure, but if you are
really going to be a successful trader,
the secret is learning how to lose.
Nobody goes undefeated all the time.
If you can pick up after a crushing
defeat, and go on to win again, you
are going to be successful.