The Eye of an Raging Storm

After the significant sell down in global markets, the market has reached a stage of stasis. Neither moving up or down. In short, it is Very Quiet.... From experience, this is the peace before the storm breaks and whether the market breaks upwards or downwards, it is still hard to tell with so much conflicting data and news from all over the world. The market is still trading with a negative basis with buyers still waiting at the sideline, waiting and observing. I believe that the market may drift downwards before commencing the rally again. With better than expected earnings from major corporations around the world and declining oil prices, there is no reason why the market should not continue it's rally.