I cannot recall another time that the market has had as many sideways sessions as we've seen of late. Of course, I also cannot recall another bull market with so many dull days that have so little volume. When it comes to this issue, I keep thinking of that old Wendy's slogan: "Where's the beef?" If all that chatter about inflows is to be believed, why is volume so low?
On a statistical level, there isn't much to say about Monday's action. With breadth in the red, the McClellan Summation Index is failing to head higher. It is also rather curious that the Oscillators are not budging, either, milling about at the zero line. The way the math works out, they are more apt to trend lower over the next week or so....332 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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