PreMarks: An Introduction and Observation

We're starting a new shorter section which we'll label Premarks {Kind of a take on pre-markets and remarks!}.  Like Short Notes I'll use this for a quick thought from time to time when I want to point something out that is happening before markets open in the United States.

Market is going to open substantially higher today.  The excuse for this is that there appears to be some resolution on the Greek debt situation.  I think it is more likely that the markets are reacting to option expiration at the open today as well as they fact that we are extremely oversold in all the time frames we measure. 

We only need something like 3-4 points for the market to have it's first up week in the last seven weeks.