James "Rev Shark" DePorre is the author of Invest Like a Shark: How a Deaf Guy With No Job and Limited Capital Made a Fortune Investing in the Stock Market. He is founder and CEO of Shark Asset Management, an investment management firm, and he also operates sharkinvesting.com, an interactive online community that serves and educates active investors.Expand

DePorre holds business and law degrees from the University of Michigan, is a member of the Michigan Bar Association and a former attorney and CPA. He lives in Anna Maria Island, Fla., and Conover, N.C., with his wife and three children. Under no circumstances does the information in this column represent a recommendation to buy or sell stocks.Collapse

Tax talk provides a bit of good news, but momentum fizzles.
Bulls can't build as headlines start to matter more.
Whichever side can generate it, bulls or bears, can win the trend.
The problem recently has been consistency.
Whether that converts into further buying and better momentum is the question.
Traders recognize that chasing doesn't work when there is so little momentum.
It is a very muddled market, and that demands that we stay patient and wait for greater clarity to develop.
There is no fear or greed driving the action.
This market isn't going to be much fun until there is some damage done to the bulls.
If you want to trade, you have to maintain short timeframes and be ready to flip.


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