International Trade Day

At 5:30AM PST lay traders learn of the international trade statistics of the USA.

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Currently, 4:30AM PST, the broad equity market futures are trading in range, slightly lower. Once again the dollar is down against the euro. Bonds are up but in range. NASDAQ futures showing relative strength overnight. This might be due to AAPL.

It is also Friday. Last Friday the market melted up; perhaps too many professional day plungers were preparing for Superbowl Sunday to keep it down. Fridays are often quiet. It remains more likely than not that we’ll have an inside day.

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