Still Range Bound Trading

nanosensor

The market was slow today ahead of earnings numbers coming out tomorrow S&P 500 companies reporting results [CSX (CSX), Linear Technology (LLTC), Intel (INTC), and Johnson & Johnson (JNJ)] and economic data on Wednesday.  I do expect some kind of consolidation tomorrow as the tape is short term way over bought, but that will more than likely be the pause that refreshes  before hitting new highs. The short term is around 1120.  Again, it is bulls game to lose, bull will push the index higher and higher if ER is good.  I would not short the market at this moment even if is overbought.  I am not a bull, but I would not against the trend.........