Fallon Financial Commentary: Another Downdraft? Get the latest market commentary and stock trading ideas from Declan Fallon

Markets sit in a dicey position after Monday's key sell off. Volume was surprisingly light considering; whether this reflects the slow trudge back to work on the part of traders, or a genuine lack of sellers will become clearer as the week matures. I suspect December is not going to tell us much as many will want to put this year behind them as quickly as possible so it could be a very non-descript month.

Russell 2000 gives a good indication of the plight for the markets. I don't like the stranded slow stochastic in neutral territory; it suggests there is plenty of downside room before it turns oversold. How will late November lows hold as support?