Profunds index and sector trading

[was Steve]

Well Europe took the relatively small CUV of .26% and ran like the wind and is up over 1% on avg. the past shows that our markets should be off and running. futes are up (as they seem to be every day) but not as much as i would expect based on how happy Europe is so thats a lillte odd. We could surge in the am to get in line. lots of data out at 830 but not market moving type stuff most likely.

the ndx really should get past 1503 and at least hit 1508 intraday. failure to get past 1503 by 10:30 am should lead to a drop to 1480 tues/wed. lots of earnings and bias is to upside and charts do look pretty good so until there are some chinks in the armour things look good for da bulls