Despite the possible terror attack in London, questions over the passage of the Ryan Obamcare replacement plan, along with disppointment from the Existing Home Sales report, the market has been crawling back with the Dow near breakeven as NASDAQ has taken off.

On existing homes, keep in mind Janaury’s pace came in a ten year high, and there are persistant issues, including lack of supply.

As for the broad market, I like the action even if the market fades into the close, which has been the script of late. 

The status on Obamacare replacement seems tenuous at best with only this breif comment from President Trump:

Q: If House repeal bill fails, will you keep trying?

A: President Trump: We'll see what happens.

There are trading opportunities, but buy and hold investors should continue to cool their heels – but everyone should be prepared to pounce.  This is how big money is made.