I think we'll see an end-of-month advance next week.
We're still in that pattern. Everyone is on hold and waiting for the next (quarterly results) pre-announcement season in September.
Early next week you've got a trade deficit number and retail sales, and those reports could be volatile.
Everybody's holding their breath wondering what the next event is going to be. I don't think anybody expects a rally any time soon.
The employment report is next week's highlight for stocks.
It's frustrating right now because everybody says that stocks look relatively cheap yet everyday the market bounces around. Everybody is looking for the next hurdle. People are waiting to see what the earnings look like, and that seems to be the key driver in the current market.