PRE MARKET

Futures flattish.

Yesterday…the good news, after reversing down hard, indices finished half way on the day’s bar. The bad news, decent reversal off the high. The good news, it’s just one day.

But it’s just one day.

Of note:

Leading SOFTWARE names raided. This is to be watched. Maybe they are just pulling them in from extended conditions. Not thrilled to see leading names hit so hard.

KSS and TGT gapping up this morning on some more not so great earnings.

More fedheads around the globe calling for easier money, including one from our shop. Most economic numbers around the globe continue to be soft.

We would be thrilled to see a couple weeks of nothingness as it sets things up better. Maybe that started yesterday or maybe it was just one day.