M to M

Looks like all major international and U.S. markets are up today. The ECB cut rates less than expected, and the Euro is mudstomping the dollar. Thus far the market is shaking off the highest initial jobless claims since 1982.

My thoughts on the day are mixed. The mark to market decision could spark a hard rally, but the news could also be baked-in to the recent run up from lows. Should make for an interesting day.

Solars have performed well over the last week and a half, look for them to outperform the market until the uptrend is broken.