Editors Note:

Would you bet several hundred dollars on a coin toss? Probably not.

The S&P futures are down -10 as I type this. Apple warned on future earnings and revenue. The FOMC announcement is Wednesday afternoon and market direction for Thursday is a coin toss. We could go either way and we could move in a hurry if the Fed says something the market does not like.

I would rather not speculate on market direction ahead of the Fed announcement. There are roughly 245 trading days a year and we can afford to stand on the sidelines several times a year when the situation warrants. We already have ten active positions so whichever way the market moves we will be covered.

It is better to be bored than broke.