Editor's Note:

The stock market really can't seem to make up it's mind. Yesterday was the first time in about a month that the S&P 500 actually managed back-to-back up days. You see how long that rally lasted.

You could argue the S&P 500 is in a neutral consolidation pattern of lower highs and higher lows. Investors might be waiting for Q1 earnings season to start.

Art Cashin, Director of Floor Operations at UBS, noted that April is historically bullish for the market but the first half of April tends to be weak and then stocks make it up with gains in the second half of the month.

Seasonally the next couple of days tend to have a bullish bias but the day after Easter is normally down.

Don't forget that the U.S. stock market is closed on Friday.

Tonight we are not adding any new trades. With the market searching for a direction it is easy to get chewed up in the churn.