UN Vote

Apparently the UN will vote at 6 pm (after the market is closed) on whether to carry out airstrikes. Gadhafi's retort has been pretty insane saying he'll attack air and sea vessels in the Med. as well as civilian targets. This explains what I said earlier about the market not looking committed to this bounce and that the locals look like they are set up so they can pull the plug at a moment's notice.

That being said, all 4 majors-the Dow, S&P, Russell and NASDAQ 100 have all gone into a late day positive divergence following the lead of IWM that I mentioned this afternoon in a market update.

Whether this holds into the close will be the big question as they may be using an intraday move up to exit the market or hedge with shorts.