Nothing But Noise

Like most option expiration weeks, there was a lot of noise on several fronts, but the trading action itself was pretty much as expected - i.e. lots of choppy action and another 11:AM Tuesday turnaround move.

Tomorrow morning we have the "there's no inflation to worry about in America" CPI report, weekly oil inventories and enough Fedspeak to give you a headache if you don't already have one by now. In the great words of Jesse Livermore - "it's not the thinking that makes the money; it's the sitting." We'll, keep those earplugs in and get those summer lawn chairs dusted off.