Morning Madness

• Futures are up about half a percent -Markets should open up
• Bulls closed above resistance at 1247 yesterday
• Bears need to sell off the open and keep it
• Bulls have more room to run as there is no close resistance
• No economic reports due out today
• We've already seen lower volume which should continue throughout the year
• EUR/USD has bounced off of the 200 day moving average
• USD/JPY continues selling off from resistance
• Markets have continued to push on, and should continue through the year
• 2 POMOs today to make the market even more a bit unpredictable