A Wild open so far

This morning the ECB is said to revise forecasts down, but preparing their bond buying program. We'll know next Thursday whether Draghi punts again.

Brussels is said to be backing a plan to give the ECB the sole right to grant a banking license, think ESM.

Germany opposes this and the bond buying, so much so, Germany's ECB representative, Jens Weidmann  is said to potentially quit his post.

Now exactly what is going on with the market, it is hard to say, ISM came out below expectations at (:45, but it didn't move the market at all, for obvious reasons.

European data overnight wasn't good, in fact it was bad, yet the market did exactly what we suspected and showed early strength this morning, I said yesterday you may have to react very quickly, in the case of BIDU and AAPL this morning, pretty much split second, but the NASDAQ futures are what are really interesting, I have to check the rest of the averages and try to catch Bernie's speech.

Here are a few charts giving you some flavor...

 AAPL

 BIDU

 QQQ

 SPY

NASDAQ Futures with a positive divergence overnight and negative on the open.