S-L-O-W

S&Ps are trading at 1156.50 in dead-quiet trading with a very narrow range for the day. Earlier, we saw some buying around the 1156-1156.50 level, but to say that activity is light is putting it mildly.

Nasdaq is trading at 1614 in an extremely quiet session. The pit population is dwindling today, although locals were early buyers.

Unless something unexpected happens, we expect the quiet to continue.