Tuesday

Asia's happy, Europe's happy, so we're happy. We're coming into market in a strong uptrend, we've had a good trendline break tothe upside at 81 or so, that has not been tested; and as I type, we're looking at a 15 point gap, which usually bodes caution regarding fading the gap; however we are 37 points into this move off the bottom, which is a good chunk of profit, and might warrant some selling...the pace of which will likely determine the course of the day. There is decent support at 82.5, which is where I would expect buyers to step up should we end up down there, it is also close enough to the trendline break to be considered a test. I'm short here pre-market on principle, meaning off yesterday's high and a 37 point run with only a 6 point pullback., as well as being at larger trendline resistance. If buyers are really whooped up, they may show up around 89. Gap fill is always a stong possibility...there's a cluster around it (78 ish) of the pivot, and yesterday's center, so it's a stronger magnet.