MASTERING THE TRADE

Looks like market participants are squaring up for the weekend as the gap is filled; the SMH, IWM, NAZ are all red and we are just one half an hour into today's trade. Seems like old times.

Market internals have also flipped the switch and they are now slightly red with SP stocks faring better than the Nazzies.

Standout items include the dollar crushing, metals ripping higher and SOX and small caps leading lower.

My only commentary is that I suspect the market will oscillate today and not give much to the trend traders. Indeed it may be a nice day to start the weekend.