Stocks ended slightly higher on Monday in a light-volume session as investors stayed cautious ahead of corporate earnings and key auctions for European debt this week.

The Dow Jones industrial average .DJI gained 32.62 points, or 0.26 percent, to 12,392.69. The Standard & Poor's 500 Index .SPX gained 2.89 points, or 0.23 percent, to 1,280.70. The Nasdaq Composite Index .IXIC gained 2.34 points, or 0.09 percent, to 2,676.56.

Volume was light with about 5.98 billion shares traded on the New York Stock Exchange, NYSE Amex and Nasdaq, below the daily average of 6.61 billion. Advancing stocks outnumbered declining ones on the NYSE by 1,898 to 1,077, while on the Nasdaq, advancers beat decliners 1,422 to 1,067. (commentary & photo courtesy of Reuters)

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The RSI portfolio followed the market today and turned in a small gain. After the close RSI made the following buy recommendations:

• Buy 274 shares Power Shares DB Oil Fund (DBO); Volatility = 5.0%; Yield = 0.0
• Buy 81 shares SPDR S&P 500 (SPY); Volatility = 3.9%; Yield = 2.0%

Unfortunately I have to be brief tonight on these picks, but here are the charts:

A fund of interest is Market Vectors EM Local Currency Bond ETF (EMLC); Volatility = 2.6; Yield = 5.8%

It may make a breakout from this chart pattern.