If the market feels lackluster, that’s because it has been. In fact, we enter today's session with the third-longest streak of gains and losses less than 0.20%. With the summer doldrums already here, what does that mean for the stock market? Well, all other periods on the list happened in the middle of bull markets, so it seems it is a period of concern and reloading.

While every bull market is different from the historic basis, it would not be surprising if it would take another two years for the current rally and a lot more upside.

This week, housing takes center stage, and after that huge housing starts report earlier last week, single-family homes are up 15% from a year ago; there is anticipation there will be big beats.

Today’s Session

The major equity markets didn’t know what to do with themselves in the pre-market hours. The Dow Jones Industrial average showed signs of opening flat, while the NASDAQ and S&P 500 decided to sink deeper into the red. With this week being shortened to four days thanks to the Memorial Day holiday, there is a lot of data being released today that will need to be digested and, in the meantime, may cause volatility in the market.