The precursor to the main event this week is the FOMC (Federal Open Market Committee) minutes on Wednesday, then all eyes on the payrolls number, it seems the market is still scared of the word taper, but the more it gets used, the more traders are getting use to the fact it is coming to the market anyway. So that is sort of how you body builds up immunity to bugs when they attack your body.
It has not been the best start to 2014 however, that does not mean much as most the bigger traders are getting back to their desks this week so better volume should be coming.
The VIX still is floating around the 13's but does have room to move to the 16 level if traders do not like the biggest sets of news coming this week.
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