I think it's going to continue to be a sideways market in August and into September. Seasonally, there's the tendency for selling, but as of now, there aren't any big events on tap that could take us a lot higher or a lot lower.

We may spend most of September going sideways,

Summer has no day,' she said. 'We can't possibly have a summer love. So many people have tried that the name's become proverbial. Summer is only the unfulfilled promise of spring, a charlatan in place of the warm balmy nights I dream of in April. It's a sad season of life without growth...it has no day.

The market is strong, but we're a bit overbought and some complacency has set in,

It just jumped sideways. It was fine and then, all of a sudden, I got back in the throttle coming off of Turn 2 and everything was fine, and the next thing I knew I was around.

Biotech is going to continue to be a good market.