Monday’s Closing Look:

Stocks ended slightly lower on Monday as investors digested the latest round of earnings. Energy stocks weighed on the market as crude oil fell. So far, over half of the S&P 500 companies have reported fourth-quarter results, and about two-thirds of them beat Wall Street expectations, according to Thomson Reuters. Furthermore, the long earnings recession is most likely over.

Gary’s Thoughts: Indices finish flat. BUT:

Oils continue to whither and would continue to mostly avoid.

Small caps rough day but remange range-bound. The same for most other indices.

Chinese ADRs getting a bid here.

Gold/silver continue to drift higher but massive resistance overhead.

Again…very range-bound…into the 9th week. Eventually we bust out or break down. We suspect the inner workings of the market will let us know. Follwow them financials.