Did Yesterday's High Put/Call Ratio Set Up Today's Rally?
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The market is nicely higher in early trading, nearly reversing yesterday's light volume selloff. There is still little in the way of corporate news this morning, but there are a few economic reports later today.
Asian markets were lower overnight, but Europe is higher this morning. Sentiment in Europe improved after Portugal had a successful debt offering. This is also helping the euro bounce relative to the dollar.
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