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<p>[QUOTE=&quot;tradingadvantagetm, post: 1996028, member: 72270&quot;]The market is dead.&nbsp; Continuing with last week’s theme – there was no volume, no volatility, and no “action” of any kind.&nbsp; If the market isn’t dead, it sure is in a very deep slumber.&nbsp; The range has been so tight for so long that when it does wake up, or come back to life, it should do so with a bang.&nbsp; </p><p><br /></p><p>Speaking of today’s lack of action, Reuters said the following… NEW YORK (Reuters) - Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.</p><p>After breaking out of the gate with strong gains on the first day of trading in January, stocks have been confined to a tight range in daily moves and volume has been low. The S&amp;P 500 faces strong technical resistance as it has been unable to pierce through 1,285, the closing high set in late October.</p><p><br /></p><p>Months of summits and meetings have still not convinced investors that Europe will avoid messy defaults or a break-up of the euro zone.</p><p>&quot;That is what the market wants to get a look at - what is it that these multinationals are seeing in the global environment that gives them pause, or is the tone going to be a little better than expected,&quot; said Peter Kenny, managing director at Knight Capital in Jersey City, New Jersey.</p><p>Debt sales by Spain and Italy later in the week should provide insight about investors&#039; confidence in plans to solve the euro zone financial crisis.</p><p><br /></p><p>&quot;There is this sense that we really need to see something that is going to convince us that this EU challenge ... is a headwind that can be managed,&quot; Kenny said.</p><p>After meeting in Berlin, German Chancellor Angela Merkel and French President Nicolas Sarkozy warned Greece it will get no more bailout funds until it agrees with creditor banks on a bond swap and a deal to avert a potential default.</p><p>Perhaps the market will find whatever it is looking for that will provide a spark to the market on Tuesday?</p><p><br /></p><p><i>Trade well and follow the trend, not the so-called “experts.”</i></p><p><br /></p><p><b>Larry Levin</b></p><p>Founder &amp; President- <a href="http://www.tradingadvantage.com" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.tradingadvantage.com" rel="nofollow">Trading Advantage</a>[/QUOTE]</p><p><br /></p>

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