Eclipse Fails to Spook Stocks

Index futures appeared to be taking the lunar eclipse in stride Sunday night. The Mini-Dow is down 60 points, trading about 50 points above lows recorded about 30 minutes into the session. It feels like DaBoyz have exhausted sellers for the time being. Assuming there’s no bad news overnight to coax forth additional supply, expect a moderate short squeeze to begin the day. That would bring stocks back to even, where I would expect them to hover until bears capitulate.