BOTTOMING PROCESS?

We are getting pulled back and forth in this horror show and yesterday's huge loss is not seeing followthrough this morning. Futures were very weak overnight but they have been strengthening slowly all morning. So maybe the market wants to go up this morning.

MLPS yesterday took a hit of 12 points but it was big energy that crashed with a nearly 15% one day decline. Still we held up a little better than everything else and if the market bounces today...so will we.!

No corporate developements this morning and no upgrades or downgrades. The energy complex was down with stocks overnight but since they are linked at the hip these days crude has come back to the a less than 1 point loss. So bring on the open.