MORNING PLAN

The SP futures are gapping higher this morning +2.5 (9:00 eastern) and we know that Monday gap fills are less probable than other days. My take for now is to buy a gap fill assuming the internals and financials confirm market strength as it appears that Friday's weak job, high inflation report is quickly in the rear view mirror.

I am also looking to take a short term trade (scale basis) on the IBB with a stop under the recent lows.