Your Euro bounce....

You might think housing starts coming in strong was behind today's gap up, you'd be wrong. The Euro has been responsible for this gap up as we have been expecting.

The Euro from yesterday's 4 pm NY close. As you saw last night we were already up in ES from an end of day positive divergence, from the European open, the market just kept moving higher. We have pretty good 3C confirmation so far this early.

Expect an early pullback, but I would think we should hold the bulk of gains today.

As mentioned I have a quick Dr.'s appointment and I'll be back around 11 a.m.