The market seems to have lost much of its stream as it closed last week just slightly above where it began the week. We are still sitting at a resistance point where we’ve turned around several times previously, so I think many buyers are timid at these levels. At this point, I expect more of the same…more sideways movement as the market grinds away at these resistance levels. The VIX is down at levels that we haven’t seen since last October but the trend isn’t there for a trade because it has been dropping steadily.

More to come on this. I’m still looking for a tradeable direction before jumping in with both feet.