PULLBACK AT THE OPEN

Futures indicate a weak open after yesterdays romp which fell short of a 90% upside day at 87%. Volume did not expand on the rally.

There are TOO many headwinds out there to get TOO bullish, but if you watch CNBS and their Rube guests you would figure that there is not much to worry about and we're headed for another record in corporate profits.

STill , one stiff chortled that sooner or later the labor market would kick in, he doesnt tell you this is the weakest recovery on record, nor do those hairs sitting their smiling EVER challenge a single guest, rather they bring in some smiling Jack and make fun of people like Meredith Whitney and mock her calls, especially since she sin't there to defend her calls.

Have we done enough on the SELL SIDE to set up IT buying opps? Yesterday was a good start but 1294 could be good resistance and none of the issues in the real world are any closer to being resolved.

Data up in 6 minutes, Consumer Confidence also on tap...should be interesting day, good luck to all.

D