Earnings Digestion

Investors had a lot of earnings reports to digest, but trading was again fairly lackluster. Volume was a bit higher, but breadth again was not impressive as they filled Friday morning's gap.

Other than some UltraShort ETFs, there wasn't much to chew on with positive action confined to metals (DBB), agriculture (DBA), and commodities (GSG).

From my perspective, the bulls still are in control as long as they can continue moving sideways (working off the overbought condition). Staying above 1350-1360 is critical. Tonight's results from Pennsylvania, tech reports from Apple and tomorrow's oil inventory "should" help us get moving again.