Good morning, good afternoon

Wow, it's nice to get up at 7 am in Honolulu. Of course, this also means it's 1 pm in New York and I've slept through more than half of today's market. Had to happen. I didn't sleep or nap yesterday, so it was 40 or so consecutive hours without any shut-eye. Didn't even realize it until late last night when I started nodding off.

Dow Jones 10,136 +112 +1.1%
NASDAQ 2,256 +34 +1.5%
S&P 500 1,085 +14.66 +1.3%

AAPL has traded in a slightly narrower range than yesterday, opening at 264.54, hitting a high of 264.80 and selling off to 261.10. Now trading at 262.58 on slight volume. Yesterday, 31.2 million shares traded. With 2 hours and 35 minutes left today, 13.6 mil have traded.

Shares of Ford are up 3%. BIDU up 1.7%. Euro is flat; FXE is at 122.03. GOOG up 1.5%.

Financials are rebounding: C up 1%, GS up 1.1%, STD up 0.5%, IRE up 4.2% and NBG up 3.4%. The Euro banks don't make small moves any more. It's either giant waves or complete wipeout.

FAS, of course, is up 3.6%. VXX is down 1.6%. GLD is down fractionally. FXI is up again, a robust 2%.

I missed a rather quiet morning, it seems. The coast appears to be clear, but I'm in no rush to jump into these waters for any kind of long-term trade. It's all rental, all near term if anything. I don't care about missing on a few bucks profit here and there. I care about staying a step ahead of the next change in direction. No edge, no good. This lull is a mirage. Keeping powder dry.