Plenty of coverage on mutual funds and the lack of cash available. The average is currently 3.65% of portfolios are cash. This is not the best situation for a market that is hitting against the January highs or slightly above on some indexes. Where is the push going to come from near term to keep the party going? Not saying it won’t, but this is a sign to watch short term.

Cisco’s news of a new router for the next internet was met with a lukewarm reception as analyst don’t think it will change the anything significantly. Not what Cisco was hoping for, but the networking sector has made a nice move over the last two weeks. IGN is up 7.1% and gained 1.3% today. The news overlapped into the telecom sector as they stand to benefit from the upgrades. AT&T, Sprint, Verizon and RIMM were all higher on the new. The telecom ETF IYZ has been up nicely as well.

Low volume continues to be a challenge for investors as well. I keep expecting a pick up, but that has not occurred yet. Some are stating the NASDAQ and Russell 2000 Small Cap index are grossly overbought. Another area to watch short term.

Added to the watch list today which is covered on the video and the table are updated.