Profunds index and sector trading

[was Steve]

looks like another gap up this am. futes bounced nicely around 3 or 4 am. hard to tell on my futes chart.

Europe is up nicely at about .25% in face of -.26% CUV so that should help us rally today. ndx has no real impediments to upwards movement until 1497/98. the rubber meets the road there. failure to get thru that isnt a real encouraging sign for the bullish case. should it get past 1498 then a test of the 1508 high should come on tuesday