PRE MARKET LOOK

Equity futures are trading higher but off their best levels as they took a hit on the release of the ADP survey which showed the private sector lost 473kl jobs which was much worse than expected.





ES +3.5;


NQ +9.5;


YM +33;





- crude higher, dollar lower. gold/silver higher and nat gas down.





After the late day rally yesterday - equities are in the middle of their RSI (2) levels as follows:





SPX 45;


DJIA 41


NAZ 54


NDX 52





It looks to this fish like some money will be coming into equities today as folks want in on this big bull market- as the SPX is +1.8% for they year, the DJIA -3.8% AND THE NAZ +16.4% AND THE NDX+21.9%- so its clearly a question of where one has been hiding to determine ytd performance-

And C upgrades BAC to it aggressive growth list.

Links:





Hard to believe more problems at BAC;





Mortgage App collapse;





The CASE Shiller 100 year chart;





More drug co problems probably lie ahead;





Ruth looks to be off the hook;





C looking to make money any way possible;