We expect extremely slow but positive action around the holidays, and that is exactly what we got today. We gapped up slightly and meandered higher most of the day on about 3:1 positive breadth. Volume was the lightest for a full trading day this year.

Tomorrow the action is going to be even slower and the risk of choppiness even higher. Most folks will probably have better things to do, but if you look to daytrade for pennies, there may be some opportunities.

One theme worth looking into more closely in the next week or so is the "tax-loss-selling bounce." Stocks hitting their lows of the year are likely being sold for tax losses and have the potential to rebound once the pressure subsides.