The European Central Bank reported that it will lend Euro442 billion (US $662.63 billion) at 1% to banks for twelve months which should reduce costs for borrowing for banks, companies and consumers. And it is expected that the Fed today will also be looking to keep short-term interest rates low.
Early morning futures are indicating a higher open. Yesterday some oversold stocks made some decent upward moves, but for the most part market action was rather bland. There are still some decent charts, but anything that we do will be very small in size.
Of course, we have an eye on gold.
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