No surprise that the VDX updates are all in neutral. The markets are stuck in this channel with little impetus to move up or down. The low volume milieu continues even on the "big move" days, leading one to suspect that the HFTs are doing most of the volume these days and that if we discounted their contribution the true accumulation/distribution figures would be almost considered ill liquid. Here's Schwab's Traders Outlook for next week....more consolidation expected.
And, just for amusement, here's Bloomberg's take on the worst stock market in the world.