SHORT TERM: stocks open mixed then start to rally

Overnight the Asian markets were mixed and Europe came in about 0.25% higher. Stocks opened mixed, and after a few minutes started to rally until just past 10:00. Then some selling entered the tech sector, and stocks pulled back a bit. Currently mixed on the session. Bonds are flat, Crude is up 50 cents, and Gold has come off earlier lows to be down 20 cents. Thus far, the market is rallying off the short term oversold condition, and the techs are trying to rally off short term their positive RSI divergence. With Q4 GDP and the FED over the next few days the market might stay relatively quiet with a positive bias until wednesday. Thus far today, there doesn't appear to be much conviction one way or the other. Best to your trading!

MEDIUM TERM: bullish

LONG TERM: bullish.