Overnight-in to the open

The EUR/USD pair held up overnight as did ES...

 Es popped right around the European open with some better than expected fundamental data, a successful Spanish auction and Spanish yields dropping below 6%.

In addition Japan pledged 60 bn Yn to the IMF, helping European market's appetite for risk.

The F_E_D's Bullard had luke warm comments, "Policy will stay on hold and doesn't see a lot of change to the forecast"-talk about manic.

GS beat on earnings this a.m. as well.

In US news Housing Starts slid, apparently we haven't hit a housing bottom.

Industrial Production missed and we still have a risk on environment to continue out bounce, as you know, I do believe Tech will rotate in and we should be moving toward the end of the bounce once that happens.

Lets get to it.