Good morning! Monday was an uneventful day for the market as a whole. After gapping up slightly, the remainder of the day lacked momentum and results were mixed by the close. The Dow Jones Industrial Average ($INDU) lost only 0.32 point on the day to close at 11,116.68. The S&P 500 ($SPX) rose 2.55 points to 1,284.13. The Nasdaq Composite ($COMPX) eked in a paltry 4.99 point gain, to close at 2,267.03, narrowly missing a closure of the morning gap.

Once open, the market did manage to hold onto the gains for about the first hour. Rounded highs and light volume on buying eventually gave way to a reversal as the morning progressed. A slow, but steady downtrend developed. This continued with three waves of selling on the 5 minute S&P 500 before the gap closed and the market reacted to that support level.

The remained of the day saw some a slight attempt by the bulls to regain control, but the upside backed strong volume to back up the buying and the pace was a lot more gradual overall than the prior selling. Both characteristics kept the market away from the morning highs and led to a retest and more congestion at the lower end of the range for the remainder of the day.

My bias into Tuesday is very open. The market does look a bit more bullish into the open, but it would not take much to bring back in more selling. Most of the stocks I have been trading lately have been as daytrades and have not relied as heavily on overall market bias. Instead I am focusing on stocks that have strong daily action in favor of the direction of an intraday setup to increase my odds in this more choppy market.

Friday's Swingtrade Watch List Recap: Long: FD, EMR, CHT, and CIT. Short: CHK, MOT, XTO and PCAR.

Monday's Swingtrade Watch List Recap: Long: GLW, ARO, STXS, IYZ. Short: SMH

Economic Reports and Events
Mar 14: Current Account for Q4 (8:30 am), Retail Sales for Feb (8:30 am), Retail Sales ex-auto for Feb (8:30 am), Business Inventories for Jan (10:00 am)
Mar 15: Export Prices ex-ag. for Feb (8:30 am), Import Prices ex-oil. for Feb (8:30 am), NY Empire State Index for Mar (8:30 am), Net Foreign Purchases for Mar (9:00 am), Crude Inventories 03/10 (10:30 am), Fedââ,¬â"¢s Beige Book (14:00 pm)
Mar 16: Building Permits for Feb (8:30 am), Core CPI for Feb (8:30 am), CPI for Feb (8:30 am), Housing Starts for Feb (8:30 am), Initial Claims 03/11 (8:30 am), Philadelphia Fed for Mar (12:00 am)
Mar 17: Capacity Utilization for Feb (9:15 am), Industrial Production for Feb (9:15 am), Mich Sentiment-Prel for Mar (9:50 am)
Mar 20: Leading Indicators for Feb (10:00 am)
Mar 21: Core PPI for Feb (8:30 am), PPI for Feb (8:30 am)

Earnings Announcements of Interest
Only stocks with an average daily volume of 500K+ are listed. List may not be complete so be sure to always check your stock's earnings date before holding a position overnight. (A) = Earnings after the close, (B) = Earnings before the open, (?) = Earnings time not specified at the time of this writing
Mar 14: GS (B), MIR (?), PDE (A), SUG (B)
Mar 15: ADRX (08:00 am ET), CHRS (B), CMVT (A), DISH (?), HOTT (A), IO (a), ICO (A), IVAN (?), LEH (B), MRX (A), ROST (B), TRLG (A)
Mar 16: SIL (?), BKS (B), BSC (B), CHL (?), CTAS (A), CPWM (B), ERJ (?), NSTK (A), PTEN (?), PETC (A)
Mar 17: -
Mar 20: CNTF (?), DRI (?), ORCL (A), PTR (?), SHFL (?)
Mar 21: BMET (B), DG (?), FRED (?), GME (B), NKE (A), SIGM (?)
Note: All economic numbers and earnings reports are in lines with those compiled by Yahoo Finance. Occasionally changes will occur that are made after the posting of this column.

Toni Hansen is President and Co-founder of the Bastiat Group, Inc., and runs the popular Trading From Main Street. She can be reached at Toni@tradingfrommainstreet.com.