European rally

Europe is up around 1% as of this writing and we will see if this continues into the U.S. session this morning. Friday brought a lot of plus tick and the oversold daily CCT has been offset somewhat with 27 instances of plus 1000 tick or greater with zero minus. This will be an interesting week as it is the end of June and also the end of the 2nd quarter, this should bring a buy bias into the market but we will have to see how it plays out. Again, even with the plus tick on Friday, my indicators are still in the oversold category and we could see a sharp rally sometime this week.