The CBOE Volatility Index (.VIX) is up 1.00 to 23.57 after stocks pulled back in afternoon trade. With 10 minutes left in Monday’s session, the S&P 500 is down 11 points to 1249.25 and at the lower end of today’s 13 point trading range. While a steep slide in crude oil (down $4.00 to $121.20 a barrel) helped lift the major averages off the lows of the day, a sharp sell off in anything commodity-related (coal, agricultural, natural gas, oil, metals, mining, etc) along with a day of losses in the financials kept a lid on any rally attempts in afternoon trading. Meanwhile, sentiment is cautious ahead of the FOMC policy statement due out tomorrow at 14:15 Eastern time. The ISM Services Index is due out at 10:00 a.m. Procter & Gamble (PG) reports before the start of trading. Tech bellwether Cisco (CSCO) due to report after the closing bell Tuesday.