COLUMBUS DAY

Today is Columbus day and it is a Federal Holiday so we should not see any participation by the institutions. This would seem to indicate that the tick should be relatively quiet. We did reach another yearly high on the daily CCT last Friday at +244 and we are into the fifth up day in a row for stocks. We have a lot of news to digest this week and we will see if the bulls can continue their rally towards 1173-1180. Support is now around 1145-1150 on the futures and then down at the 1130 area.