The news continues to suck, with GDP, consumer sentiment and speeches to confuse everyone. But, stocks still rallied. As we say, sometimes the reaction is more important than the reality.
Traders did take a quick trip down to test that 1040 S&P level. That level has been tested several times the last 3 months. We’ve also got oil moving up and bonds moving down…which should be good for stocks.
Sunday evening futures are moving up. And merger Mondays have brought good news lately, although Mondays have not been moving up much after the open. From the Stock Trader’s Almanac: August next-to-last trading day, S&P up only twice in last 13 years 
The market may be bad, but I slept like a baby last night. I woke up every hour and cried.
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
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