For 114 straight trading days, starting on February 3, the S&P 500 has closed every session between 2,040.24 and 2,130.82. That’s one of the tightest trading ranges ever for a period of that length—a trading band of just 4.44%.

The “buy every dip” rally that characterized last year’s market has gone away. Here’s a fascinating stat: The market has had more down days this year to date than in any year since 2002, but the drops are getting smaller. The average loss this year has been just 0.57%, compared with 0.80% since 2009. Despite the market’s lack of direction, we’ve seen a lot of drama this summer with the popping of China’s bubble and the ongoing mess in Greece. I promise you that this will be a Greece-free issue.

….continue reading including more market analysis and seven of CWS’s Buy List stocks HERE