Markets are absorbing Friday's runnup.

We are in a seasonally favorable period for stocks --the last two days of the ending month and the first two days of the new.

That being said, seasonality has not been important lately. Traders are still fence sitting with major moves on any sign of weakness or strength.

Techs are taking the lead today with the broad markets off, but not by much.

Nothing more to do here as we wait for a trend change and for traders to get back to business. Watch the volumes to get back above average.