The indexes are back to slightly red. Hourly cycle charts offer weakness into early Tuesday. VIX is +1%, but still in the 12s. Even VIX 14 looks difficult in the near term. Metals and Oil remain moderately weak.
Very dull Monday, and despite some econ-data across each day this week, I really don't expect much of anything.
*I'm certainly not shorting anything...but neither am I going long right now.
Perhaps early Tuesday weakness will offer some tempting levels, especially for USO.
2.31pm... as I feared, Oil seeing a secondary wave lower, but we're a fair way from breaking the morning low.
Seeking weakness into the close..and early Tuesday.