PRE OPEN

Market are set to open much higher on the heels of good news from GOOG C CAT and a few others. As I type, the DJIA is set to open about 150 higher, SPX +20 and NDX+38.

The quant, Rob Hanna, testing the theory of buying or shorting when breadth is overly good or bad- my plan is similar except I wouldn't buy at X time and hold through the day- I would look for pullbacks or pullups based on some oscillator and buy or sell into the overall trend.

Morning trade- Gold down $24 at $919;

Crude at $113.13 down $1.71;

VIX starting the day at/near 8% below the 10 SMA and definitely in oversold territory which will probably go even lower today while RSI (2) levels at/near 95 on the YM/ES/NQ /ER2 futures, so sell signals on the horizon.

How long before the yanks learn that there is no point in playing the game when this guy pitches - just rest the players and put it in the books as a loss. He is just awful.

How bout this blogfolio?

And what happened to the titanic?