It's too early to complain about the market feeling like a broken record, but the S&P 500 (SPX) has been stuck at 33 new highs this year after ripping off a string of daily all-time closes. The good news is that there were more advancers than decliners, except for the NASDAQ Composite.

The S&P 500 holding above the 50-day moving average is also encouraging, and the relative strength index (RSI) reading is a potential buy signal.

Perhaps this patchiness lasts another week and shakes out a few weak hands. 

Today’s Session

The tone of the market is changing, which is part seasonal, part consolidation, and part anxiety ahead of the CPI number on Friday.

Bank of America (BAC) reports its Institutional & hedge fund clients have led all clients to sell (Outflows in 5 of the last 6 weeks).

Outflows in US Equities single stocks ($2.1bn) offsetting inflows into equity ETFs ($1.2bn) skewed toward value stocks.

These moments of gyration are great, and necessary, to set up the next move higher.

Town Hall Special

Make sure to tune in to my special Town Hall on Fox Business today at 2 PM ET.  The next few years are poised to create generational wealth – and the great news is, anyone can partake.