Dull Monday

Stocks took a negative turn on Monday, with no rationale for the move other than general sentiment. Citigroup (C) missed on revenue when they announced fourth quarter earnings prior to the opening bell.

More bank stocks will be reporting as the week progresses, so this small downdraft may be just the start of something larger. The major indices seem to be nearly out of steam from the recent rally. Expectations for earnings season have been muted, and some earnings and revenue misses are to be expected, and, if that's the case, nothing kills rallies better than earnings misses.

Stay tuned.

Dow Jones Industrial Average January Scorecard:

Date	Close	Gain/Loss	Cum. G/L
1/2/19	23,346.24	+18.78	+18.78
1/3/19	22,686.22	-660.02	-641.24
1/4/19	23,433.16	+746.94	+105.70
1/7/19	23,531.35	+98.19	+203.89
1/8/19	23,787.45	+256.10	+459.99
1/9/19	23,879.12	+91.67	+551.66
1/10/19	24,001.92	+122.80	+674.46
1/11/19	23,995.95	-5.97	+669.49
1/14/19	23,909.84	-86.11	+583.38

At the Close, Monday, January 14, 2019:
Dow Jones Industrial Average: 23,909.84, -86.11 (-0.36%)
NASDAQ: 6,905.92, -65.56 (-0.94%)
S&P 500: 2,582.61, -13.65 (-0.53%)
NYSE Composite: 11,799.11, -48.90 (-0.41%)