With the recent strong move upward in the markets, many analysts have been looking for a pull back, so Friday's market action was not a surprise and the fact that the S&P futures were in negative territory before the open this morning appeared consistent with a follow through on Friday's action. Many analysts also thought passage of the health care bill would take the markets lower. The markets indeed did open lower this morning but almost immediately turned upward and steadily increased in choppy trade all day. This is very bullish market action. As soon as the bears started the sell off, the bulls saw it as a buying opportunity and jumped in. So the bullish case for the markets is still dominating traders' thinking. Trading volume was down as compared to the high volumes from the quadruple witching Friday. Trading volume for the S&P 500 was back below the 50 day moving average, close to where it was on Thursday. It seems odd to me that many of these large upward market moves are being accomplished with low trading volume. RUT traded down to what is shaping up as a solid support level at $668 - $670 before trading up to close at $683, a rise of $9. SPX traded down to $1153, just above support at $1150 and then traded up to close at $1166, a rise of $6. The VIX closed just under 17%. My April condor continues to present pretty good Greeks at a position delta of -$68 with +$115 of theta. I will probably establish the May position late this week or early next week.