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Another Day of No Economic Data Releases and Light Volumes

Morning Notes
-Seeing pre market strength again today
-Strength comes amid lack of response by N.Korea to S.Korea’s military test yday
-Comments out of China: Chinese Vice Premier showed support of measures taken by EU and IMF and suggested China has taen steps to help EU with sov debt issues
-BOJ left rates unch’d, as expected; also kept its asset purchase plans unch’d
-In Europe, Moody’s warned that it may downgrade Portugal, which pulled back European stocks (which had initially pushed higher following Chinese Vice Premier’s positive comments)
-Seeing some choppy action in the pre around the euro, commodities
-S&P futures are up 5 handles from FV- no pivot signal generated, but respecting R3 and R4 in the pre
-Expecting to see continued light volumes, especially in light of no economic items on the calendar for today
 

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.