The indexes have barely budged, the number of stocks making new highs remains lethargic, and now we have the Hi-Lo Indicators turning back down. It's no time to chill out.
We haven't witnessed volatility this low in more than a year: Should we follow the old adage of never shorting a dull market or should we be suspicious?
Let's look at this chart from '94, as recession worries linger and we have Friday bringing a closed market and . data. Also, let's check sentiment, bonds and more.