PRE MARKET

Yuck…yuck and more yuck. Start with some money losing IPOs romping and stomping to the upside. Add in over 50% of the market bearish while some indices go to new highs. Add in very extended leaders. Add in put/call numbers off the charts bullish…and start the week with yuck. That 2800 area may be a sticking point for this second. A break above would be very bullish but may need some time and price in here as well as working off some of the froth.