..elastic market

We're keeping it short for today as nothing has really changed,  the market is showing it wants to go higher. It looked that way when we did an alert around 3:15, a pop followed almost immediately before a rip to the downside because of a 3:47 misunderstood GE headline that we noted as such (after- hours). You want to see itchy fingers, just look at the 2 stocks (EBS eps next week,  CMP) noted yesterday during this time frame. Nuts!. CMP report attached on site.

The futures have followed overnight as a noted possibility and the market is getting all the losses back. A lot of the focus is on the GDP, if you read the global economic report we put up on the weekend, you know what is going on and the expectations for GDP going forward.  If you look at the market levels, you have to think this has been getting priced during this mudslide.  We'll know soon enough.

We're getting those 'ducks' lining up the last few days, a softening YEN, a declining USD$ and a higher Oil and of course, the commodity stocks are moving upwards.

As long as the SPX stays above 925, we're in a pretty good position.