Friday's surprise end of day rally seemed to break the week long funk of the stock market. The lack of interest reflected by low volume and range bound trading seems to be back at his morning's open. The Dow and S&P are holding moderate losses while the Nasdaq is fighting back from an early decline and is currently unchanged. Oil is down nearly 3% on supply concerns. Gold is flat. A 4 month extension of the Greek financial aid program was the catalyst for Friday's gain but current negative comments from the new governing political party have dampened optimism for a positive solution. With corporate earnings season almost over attention might shift to current growth estimates, which are none too sterling. It's hard to see where the next catalyst will come from to push markets up further. Losses may deepen as the day wears on.
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