The indexes bolted upward on higher volume yesterday in what constituted a textbook follow-through of the rally that began Friday.
Since the confirmation of the rally came so quickly it is suspect. Often quick follow-throughs fail. So we are not plunging in as we otherwise would.
Netflix reported after the close yesterday and is leading the upward move in futures this morning. We are adding to our QQQ position but staying alert due to the timing of the rally confirmation.
UPDATE: Futures are lower as we get closer to the opening bell.
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