Wednesday after market

He didn't win Westminster last night
(but he should have)

Nothing very exciting today but it was encouraging for the bulls that NASDAQ and SP500 and Russell closed higher.  Most traders don't pay much attention to the DJIA as it's only 30 stocks with a lousy methodology for computing the index level.

Personally, I'm still looking for a test of 1550 on the SP500 so I have a bullish bias.

Ash Wednesday in New Orleans

Those beads were worth a flash last night.

The market started out like it wanted to test the high ground but by 10:30 it had run out of steam and headed south.  Volume is nothing special and with the higher dollar components of the DJIA in the red it's unlikely that index will be challenging multi-year levels today.

Wednesday morning

Practical factors test.  Average time = 1.48963 days

Apparently President Obama said nothing unexpected in the state of the union address.  (I confess I was asleep.)  As I scanned the futures charts early this morning there was no indication that markets were surprised.