With the S&P 500 slightly overbought, stocks hold steady as a big week for economic data begins. Investors saw stocks hold steady through Monday’s trading session, with the Nasdaq making the only significant movement among the major stock indices.  A solid earnings report from Caterpillar (NYSEARCA:CAT) got trading off to a decent start although a disappointing report on December pending home sales from the National Association of Realtors dragged prices down until 11:30 EST.  A better-than-expected report on December Durable Goods Orders from the Commerce Department helped maintain investor confidence.  With the S&P 500 slightly in the “overbought” range at the beginning of a week which brings plenty of important economic data, investors remain cautious. As of 2:19 EST, the Dow Jones Industrial Average dipped 1 point (0.01 percent) to 13,895.  The S&P 500 Index declined 0.09 percent to 1,501 (NYSEARCA:SPY).  As the chart (at left) indicates, the S&P 500 continues to rise above its previous resistance level of 1,470 to its next resistance level in the 1,550 – 1,570 range.  Its Relative Strength Index is in the “overbought” range at 73.62 (Chart courtesy of  Stockcharts.com ).  The Nasdaq Composite advanced 0.30 percent to 3,159 (NASDAQ:QQQ).  The Russell 2000 Index rose 0.11 percent to 906 (NYSEARCA:IWM).   Super Bowl Indicator Says BUY! The “Dollar Bull” Index ETF (NYSEARCA:UUP) advanced 2 cents (0.09 percent) to 21.80 as of 2:06 EST. As of 2:01 EST, the S&P 500 Volatility Index – or VIX – advanced 6.21 percent to 13.69 and the VIX Short-Term Futures ETN rose 2.27 percent to 23.47 (NYSEARCA:VXX).   VIX ETFs Confused The Euro STOXX 50 Index finished Monday’s session with a 0.01 percent advance to 2,744 – staying well above its 50-day moving average of 2,632.  After breaking above its resistance level of 2,700 on January 21, the STOXX 50 is once again attempting a sustained advance above that level, which has been a barrier since the beginning of the new year.  Its Relative Strength Index is 67.50 (NYSEARCA:FEZ).  The FTSE 100 Index climbed 0.28 percent to 6,302 (NYSEARCA:EWU).  The German DAX Index declined 0.32 percent to 7,833 (NYSEARCA:EWG).  France’s CAC 40 Index rose 0.07 percent to 3,780 (NYSEARCA:EWQ).  Spain’s IBEX 35 Index fell 0.83 percent to 8,652 (NYSEARCA:EWP).  Italy’s FTSE MIB Index jumped 0.92 percent to 17,889 (NYSEARCA:EWI). As of 2:08 EST, the euro declined 0.02 percent against the dollar, trading at $1.3450 (NYSEARCA:FXE). On London’s ICE Futures Europe Exchange, March futures for Brent crude oil declined by 5 cents (0.04 percent) to $113.23/bbl. (NYSEARCA:BNO, NYSEARCA:USO). February Gold futures declined by $2.40 (0.14 percent) to $1,654.20 per ounce (NYSEARCA:GLD). ETF Summary:  SPDR Dow Jones Industrial Average ETF (NYSEARCA:DIA)  -0.04%  as the disappointing report on pending home sales reinforces investor caution. SPDR EURO STOXX 50 ETF (NYSEARCA: FEZ )  -0.06%  as investors remain anxious about this week’s reports on European unemployment. iShares Dow Jones U.S. Real Estate ETF (NYSEARCA:IYR)  +0.13%  despite the disappointing report on pending home sales for December. iShares Barclays 20+ Year Treasury Bond Fund (NYSEARCA:TLT)  -0.37%  as the 10-year Treasury yield rose above 2 percent for the first time in 9 months and the FOMC meets this week at which point there will be another review of the latest quantitative easing program.   Learn More About iShares ETFs SPDR S&P 500 INDEX ETF (NYSEARCA:SPY)  -0.19%  as investors remain risk-averse at the outset of an important week for economic data. Bottom line: Stocks showed very little movement on Monday as the disappointing report on December pending home sales spooked investors at the outset of an important week for economic data. Sign up for Wall Street Sector Selector’s FREE Stock Market Timing Indicator!    Disclaimer: The content included herein is for educational and informational purposes only, and readers agree to Wall Street Sector Selector’s Disclaimer , Terms of Service , and Privacy Policy before accessing or using this or any other publication by Wall Street Sector Selector or Ridgeline Media Group, LLC.