There’s some legs to that rally out there…

She’s got legs, she knows how to use them.
She never begs, she knows how to choose them.
She’s holdin’ leg wonderin’ how to feel them.
Would you get behind them if you could only find them?  — ZZ Top

There’s some legs to that rally out  there.  I’ve been writing an extended piece all morning about why I think the markets could finally be bottoming…and before I get it written, we’re back above 11,000 in the DJIA and the Nasdaq’s put on nearly 4% of what I would expect could be a 10-20% impending pop.

I’ll be back with the whole piece in a bit.  No trades for me  today yet.  Probably won’t be now that the markets have rallied this sharply and I don’t want to chase.