Was that it?

Hey there folks,
After running through my scans last night I am reevaluating my thoughts on the markets. We had a pretty strong reversal day in the IWM IBB SPY and NDAQ. The IBB bounced to close back over Its 20 day while the SPY and IWM both looked as thought they were going to take out their respective 200 day moving averages and then reversed to close near their high of the day. Financials had a nice reversal as well.  One day does not make a trend but it makes me wonder if that was all we are going to get for a pullback.

As I mentioned in this weeks video, February has been positive for every index for the last 5 years. Greece seems to be adjusting it's hard-line stance, oil seems to be stabilizing, and the bulk of earnings will be behind us by the end of this week. With those things in mind I am not overly bullish or overly bearish. We are still trading in a range and until that changes I will remain cautious and try to take advantage  of the volatility. 

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I am considering making a change to the frequency of posts to the blog. The videos are extremely popular while the daily views for stocks to watch drop off dramatically. I am thinking about stopping the daily posts and maybe doing a mid week video update on the markets. I would like to get some feedback on this. Thanks 
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Stock on my Radar this morning 

LLNW earnings beat 3 dolla roll, ARRY earnings beat, decent daily, MCEP possible continuation nice consolidation at 6, MTSL acquiring a company and catching a nice pop off the pr let is setup, IMMY pr interesting daily very thin, CRNT pr going for the dolla holla, CLF better than expected earnings, CTIC pr could be ready for a bounce, LC partnership with BABA announced catching a bounce, KEG like the daily, BCLI pr could be a good bounce spot, EDAP possible continuation, 

Look for solar and oil names to continue

IWM IBB SPY NDAQ USO UUP NUGT JDST UWTI TVIX TZA for sentiment 

CNBC in the news 

	IN THE NEWS TODAY

U.S. stock futures were higher in early trading, after the Dow gained nearly 200-points on rising oil prices. But Monday's session was volatile, with the blue-chip average also down triple digits at one point. (CNBC) A new debt settlement offer from Greece to the European Union is also lending support to stocks. The new left-wing Greek government has unveiled proposals to end the confrontation with its creditors. (FT) Recently battered U.S. crude prices were higher again today-breaking above $50 a barrel for the first time in two weeks, after gaining more than 11 percent in the previous two sessions. (Reuters) Former Shell Oil President John Hofmeister joins CNBC's "Squawk Box" at 8 a.m. ET to talk about whether oil's recent gain is the start of a lasting march higher. Oil prices may remain at $50 a barrel "for some time," the CEO of BP warned on CNBC, after the company issued a quarterly charge of $3.6 billion on the back of tumbling energy prices. Anadarko Petroleum (APC) late Monday reported earnings and revenue that were well below expectations. The exploration and production company has been hit hard by the collapse of oil prices. (Reuters) Staples (SPLS) and Office Depot (ODP) are said to be in advanced merger talks, in what would be a major step toward consolidating the office-supply market. (WSJ) Verizon (VZ) is said to be close to selling a package of assets including cellphone towers and parts of its wireline business in deals that will bring in more than $10 billion. (WSJ) AT&T (T) is ready to sell some data centers worth about $2 billion, as the No. 2 U.S. wireless provider continues its streak of asset sales to pay down debts and raise funds for future investments. (Reuters) The FCC is about to fundamentally change the way it oversees high-speed Internet service. The agency is expected to unveil a proposal Thursday toregulate it as a public utility. (WSJ-subscription) Trying to sell Republicans on the president's new budget, Treasury Secretary Jack Lew is set to testify today before the House Ways and Means Committee and Thursday before the Senate Finance Committee. (The Hill) The measles outbreak linked to Disneyland is raising new questions about whether children should be vaccinated, and forcing 2016 GOP presidential hopefuls to confront the issue. (NY Times) Dr. Gail Shust, pediatrician and infectious disease specialist at Mount Sinai, joins us at 7:40 a.m. ET with her views on whether parents opting against vaccinations put the greater public at risk. Studies show having a heart attack in a hospital is deadlier than coming to the ER after suffering an attack at home or work. A group of 12 hospitals are trying to fix that. (WSJ) The harsh winter weather has forced Boston to postpone today's victory parade for the Super Bowl Champion New England Patriots. The city is aiming to reschedule for tomorrow. (NBC Sports)

	BY THE NUMBERS

U.S. automakers issue their January sales figures throughout the morning, with Edmunds.com predicting industry sales will be up 14.4 percent from a year ago. The government is also out with December factory orders at 10 a.m. ET, with consensus forecasts calling for a 2.5 percent drop following a 0.7 percent decline in November. It's a busy morning for corporate earnings, with quarterly reports from Aetna(AET) and AutoNation (AN), among others. Dow component Walt Disney (DIS) and Chipotle Mexican Grill (CMG) lead today's list of after-the-bell earnings reports. The filmmakers behind the animated Disney hit movie "Frozen" have created a seven-minute short centered around princesses Anna and Elsa, Kristoff, and the snowman Olaf. (USA Today)

	STOCKS TO WATCH

Wells Fargo (WFC) received a favorable ruling from a New York judge, who rejected a claim by the state's attorney general that the bank was not complying with a $25 billion 2012 mortgage settlement. Advent Software (ADVS) is being bought by SS&C Technologies for $44.25 per share, or about $2.7 billion. The per-share price is 6.9 percent higher than Monday's close for Advent. FMC Corp. (FMC) is near a deal to sell its soda-ash unit to rival chemical maker Tronox (TROX) for more than $1.5 billion, according to the Wall Street Journal. RadioShack (RSH) will be delisted by the New York Stock Exchange, which has suspended trading in the stock. Separately, Bloomberg reports the electronics retailer may sell some of its stores to Amazon (AMZN) and Sprint(S). Google (GOOG) is preparing to launch a ride-service rival to Uber and Lyft, according to Bloomberg. Looking for new ways to crack the U.S. market, Alibaba (BABA) is partnering with LendingClub (LC) to help American small businesses finance their purchases on the Chinese company's online shopping site.

Seeking Alpha

Today's Markets:
In Asia, Japan -1.3% to 17336. Hong Kong +0.3% to 24555. China +2.5% to 3206. India -0.4% to 29000.
In Europe, at midday, London +1.3%. Paris +1.4%. Frankfurt +1.2%.
Futures at 6:20: Dow +0.2%. S&P +0.3%. Nasdaq +0.2%. Crude +3.4% to $51.23. Gold +0.4% to $1281.40.
Ten-year Treasury Yield flat at 1.67%

Today's economic calendar:
Auto sales
8:30 Gallup US ECI
8:55 Redbook Chain Store Sales
10:00 Factory Orders

Notable earnings before today's open: ACI, AET, AGCO, AN, ARG, ARRY, AXE, BHE, BP, CARB, CBR, CEVA, CHD, CNC, EMR, ETN, GCI, GLPI,HCA, HCLP, HRC, HW, IMS, JLL, LPT, LYB, MHO, MNK, NOV, NYT, PNR, R, SC, SPR, ST, TECH, UPS, WDR

Notable earnings after today's close: AEC, AFL, AJG, ATO, ATW, AXS, CALX, CBL, CENT, CHRW, CMG, DIS, ENTR, EQR, EW, EXP, FISV, GILD,HCSG, IACI, JKHY, LSCC, MANH, MWA, MYGN, NSR, OCLR, OMCL, PACB, PLNR, QNST, RNG, RNR, RSYS, SLGN, SPA, TTWO, ULTI, UNM, VASC,WNC, WRB, WYNN