WATCHING THE OPEN

The futures are red, not dramatically. It's kind of expected after the strong rally of yesterday, and I do not know if expiration has any impact this morning. A lot of traders do not want to hold a lot of positions in front of the weekend. (There are also a lot of sports going on right now, the Open, the FIFO World Cup etc). On the other hand, all international markets are very strong and commodities are up across the board. I actually prefer a lower opening with a strong close. Look for reversal.