Slugfest

Less is more today, in terms of trading a churning market in front of Chair Yellen's semi-annual monetary report to House Financial Services Committee tomorrow morning. 

The crude oil weakness has yet to plunge stocks to fresh lows today, while trouble DB popped on rumors of a major Euro Bond buyback. 

Precious metals and miners finally look ready to consolidate their explosive run-up in recent weeks. 

And into the final hour we are watching the small cap ETF, below on the hourly chart, to see if bulls can hold over $96 to build on some type of mild reversal in the tape today.