Ahead of the open, (19-04)

A little give back, a little digestion post big day.  Really not much going on, except maybe a better sentiment towards Europe as Spain negative headlines (bad loans data) was shrugged off ahead of the main Auction on Thursday.  A better picture of what investor sentiment towards Spain will emerge from the auction.  Still, it likely won’t be a catalyst to solve this 1370-1400 SP range as conviction on both sides is lacking.

All in, on a boring down market day, it was nice to have 3 of the best performers in the market (all up 10%)off the Shadowlist.  PII, URI,  earnings winners again and  SXCI up on an acquisition. Upgrades were flowing all day for the 3 stocks.