The major market indices spent the session churning sideways in a very narrow range until stocks turned lower in the last two hours. Overall it was a forgettable day. Investors appear to be searching for a new catalyst to drive stocks higher. Until then we're just spinning our wheels. The trend of "mutual fund" Mondays with fund managers putting money to work appears to have stalled.
I don't see any changes from my weekend comments on the market. I'm not adding anything new tonight. The more this market narrows the closer we get to a breakout - one way or the other.