The calendar is very light and there aren't many market moving events scheduled this week. Stocks have tested the downside intraday and they have rallied back before the close. This pattern has developed in the last few days. We are caught in a range and the market is searching for its next catalyst. The news is generally positive. Rumor has it that Greece is getting closer and closer to a deal. European banks have been tapping the ECB and they are catching a bid. Bond auctions have gone well and Spain is even considering a syndicated offering.