Early Indications

Things so far look good on the surface, I still believe the market expects Bernie to say something to soothe the market, but there's not much he can or will do that will have an effect that is more than transitory, yesterday's big break wasn't the first this year, volatility is increasing and this is yet another sign of the turn.

What does Bernie give us...maybe? Some decent opportunities.

As for the opening indications, they had a lot to overcome this morning, but they are starting to move toward confirmation of the open.

 DIA intraday is catching up to price

 The IWM 1 min is leading

 The Q's are leading

The SPY is in line.

The TICK went from -1500 yesterday, today a lot better so far, as expected yesterday. This is why we don't chase, but I think we'll see a better example of that soon.