Unless something spectacular happens this week, expect a lighter week in volume as holiday periods are occurring across the planet. Chinese New Year is a big deal and covers a vast area and markets. Carnivale will end tomorrow, but the hangover will last a few more days. Then there’s the NYC Giants parade today, and that should remind traders to get back to work and buy, buy, buy right???

Monday wasn’t a really big deal as markets that had rallied were short-term overbought and volume was relatively light.

Have a pleasant evening.

Disclaimer: Among other issues the ETF Digest maintains long or short positions in: SH, PSQ, IGN, IEF, GLD, FXF, FXY, DBC, DBA and IEV.