Morning Comment

Looks like we are going to open very close to the 1100 are on the SPX. I think this could be an important day. Noting the non-confirming breadth and the over whelming belief, even by bears, that we will go at least a little higher, the action after we establish an opening range could be telling. If we head lower from 1100 it could catch more than a few people on the wrong side. The small caps already look pretty bad, and the breadth on the Naz isn't even close to being kinda-sorta good... it is just plain bad. I will probably beef up my exposure one way or the other after the first hour or so.

Also, the Dollar is trying to peak at an important chart point as I have it. We will see if it can get above it, and stay.

Game on!