Pre-Market Brief

Good morning. Futures have swung around overnight, and sp' is currently +8pts, we're set to open around 1614 . There remains a clear gap fill zone in the 1625 area, but worse for the bears, there is major QE-pomo, both today, and on the shortened Wednesday session.


sp'60min

vix'60min

Summary

For the bears, this looks to be a pretty bad start to the week.

I suppose we could see a late morning reversal, but why would we? Everything is 'fine again', right?

Bond yields are cooling down a bit, and that will give the cheer leaders on clown finance TV all they need to get hysterical in this holiday week.
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*I'm heavy short from sp'1601, underwater, and considering bailing for a sig' loss on the next micro-down cycle, later today..or early tomorrow.

Frankly, its all turning into a real mess again for the bears.
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Video : Oscar is not surprisingly, now talking about a holiday reversal.



I just don't see one happening, with the two large QEs

9.34am..well, as I feared, there is little reason why this nonsense is going to fall.

..and the QE ain't even arrived yet.

Worse case..a Monday close 1630s...and then maniacs will make a play for 1687 within a week or two.
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Nothing less than another nightmare.