Pre-Market

It's a sad day after hearing of the fate of the children at the tornado stricken elementary school, my thoughts and prayers are nearly constantly with the parents. Otherwise the spirit of those who survived is amazing-we should all count our blessings. I hope none of you have friends or family effected, if so, my thoughts and prayers will be with you if you'd like to drop me a note.

There are no major economic releases today, in fact rather quiet. It is a Tuesday as mentioned a couple of times yesterday which have seen 18 of 18 green consecutive Tuesday closes.

Other than that, Tim Cook of AAPL is set to testify in Washington over the company's tax havens, Jamie Dimon faces a board vote as to whether he remains at the helm of JPM and we have another two F_E_D speakers today, Dudley and Bullard with Bernie tomorrow pre-empting the release of the F_O_M_C's last meeting's minutes.

In futures ES hasn't done much overnight, 3C is pretty flat on premarket, NQ has seen some gains and right now has a fairly decent size negative divergence and TF has been chopping lower in a downtrend which it is at the height of one of the reactionary crests right now with a small negative divergence right now-if it weren't for the open and normal intraday movement on the signals, I'd say NQ and TF would be set to head lower, but that all depends on what the limit orders look like on the open.

Crude futures did head lower overnight so I'll be watching those early on for those that didn't get in and may want to.

Treasury futures look lie they have enough of a positive divergence that they will shortly lift (today), while gold and silver have pulled back overnight on fairly strong 2 a.m. negative divergences, which means we may have an opportunity there (trading) sooner than thought, so they'll be on the radar as well.

That's it for the moment unless something big changes before the open.