News out of Japan is not good this morning... the out-of-service unit has caught fire and the fire has been extinguished, but it is thought that a melt down has occurred in unit #2, releasing substantial amounts of radioactivity. Currently, winds are blowing towards Tokyo with radioactive levels 40 times normal. There are reports of panic in the largest city in Japan as residents leave the city.
This is intended as an alert only, I have no new trades. I will post an update about 10:30 after the market has a chance to stabilize after the open. Pre-Open the Dow looks like it will open down about 250 points and the SPX down 32 at 1258. The market will likely rally after the open, and will give us a better look at price direction.
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