The weaker tone continues today, as in addition to bearish US inventory data, a slight warming trend is contributing to more brazen selling.

It just didn't happen for us today.

We didn't move off the ball as well as I would want us to today.

I think we were probably a bit overdone on the upside and there's some profit-taking taking place today.

The specter of progressively higher inventories is blunting the impact of geopolitical tensions, making it harder for the market to climb.

Short term, there are various cross currents in the markets, and it will be hard to get a read on where prices will go this week. There apparently is still more firepower that funds have at their disposal to move markets even higher.