Pre-Market

The overnight session was dull, just as options expiration (weekly) Friday typically is until about 2-2:30. We are about 1.50 ES points above the 4 p.m. close yesterday, that's how dull the market has been overnight.

Wednesday in the Daily Wrap I said the Nikkei 225 looked like it was ready to bounce and bounce it has.

Nikkei 225 15 min chart.

Other than that, Moody's put 6 of the US's largest banks on review as they conduct studies of the effect of Dodd-Frank on the banks, we may be seeing some downgrades of some of the big boys soon.

The only significant Eco-Data on deck is New Home Sales.

For those of you long FSLR, it looks like we'll get a gap up.

I "expect " today to be rather dull with an op-ex pin, at least until the later part of the afternoon.