The Herd is in a Hurry to the Butcher's Block

According to the broad market media, stocks got an early lift Monday because of a developing fresh deal for Greece. More likely, though, stocks are simply higher given the dearth of U.S. data this morning to stop it. The S&P 500 is also benefiting from support at its 200-day moving average. Still, watch out friends, because today a previously disruptive force is due to deliver a dose of reality again. Also later this week, critical data will reach anxiously awaiting eyes fearful of being poked out. But mostly, we cannot get comfortable now because we are locked in a waiting game heading into the important September Fed meeting, where it may finally initiate its program of monetary policy tightening. Considering capital flow factors as well, this is hardly the time to get comfortable and to follow the herd to the butcher’s block. See more on this market report here.

Sector Security	Monday Morning 08-10-15
Vanguard S&P 500 (NYSE: VOO)	+0.9%
SPDR Dow Jones (NYSE: DIA)	+1.0%
First Trust NASDAQ-100 Tech Index ETF (NYSE: QTEC)	+1.0%
iShares Russell 2000 (NYSE: IWM)	+0.9%
Vanguard Total Stock Market (NYSE: VTI)	+1.0%
iPath S&P 500 VIX (NYSE: VXX)	-3.3%

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