This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

• The market looking comfortably indecisive in the current trading range. The air-pocket-bounce-regroup-wait-and-see pattern of bull-market pullbacks would appear to be underway. The S&P 500 has spent the past week in a benign sort of limbo, between the short-term uptrend line (20-day average) and slower-moving 50-day, from which it bounced hard last week.