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The US markets are dying for lack of real volume and a drought of investment funds.
The action is little more than a tug of war by short holding time trades.
If this market gets hit by an exogenous event that provokes selling it could drop quite impressively.
The monthly change in PPI came in hot this morning at 8:30 with core PPI at .4% versus an expected .2% and PPI at .3% versus the same .2% expected.
The NY open hit gold on light volume.
Stocks rose on a 'surprisingly strong' retail sales number of .8% versus .2% expected.
Europe is on vacation, and all but the hard core momentum traders are on strike in the US.
