Pre-market thurs

Futures are down fairly big this morning on this news: “Carlyle Group’s publicly traded mortgage bond fund failed to meet margin calls and said it received a notice of default as banks call in loans against even the highest-rated bonds”     This could be the straw the broke the camels back and take us below our support line in the stock indices  today should give us an indication of that. We will need some big volume selling. We moved up about 60 dow points in the overnight futures session that took us right into the resistance levels we have been watching, that got me filled for a re-entry on the second half of my short position. I am covering the half this morning before the market for a solid gain, I will hold on the the second half of the short position in an attempt to catch a bigger move.