THE OVERBOUGHT GAP

Equity futures are trading higher this morning but well off their best levels as the GS number beat expectations but probably not by enough.





ES +4.5;


NQ +3.5;


YM +41;


TF+1.7;





My guess is the markets get sold this morning on the news as it is turnaround Tuesday- and we are overbought with RSI 2 numbers near 90 on the major indexes before the open- so a filling of the gap probably the first order of business.



And been bad with the links of late so here goes:

Mort on 10 reasons employment is lots worse than we think;

Not a Cubs fan - but this is a bit surprising;

Here's Sarah;

And destroying CIT;