R.C. Market Report 2.6

• Today: A bullish continuation of rally as we await Geitner's Plan next Monday. We are starting to see different areas undergoing changes, possibly signaling, not yet a turnaround, but an end to the trades that have worked in the past year and a half. Pisani made a great point talking about shorts leaving the game but not in a panicky way. The bottoming process is definitely underway.

• Monday: Both the initial reaction and the ensuing reaction to the release of the government plan are major question marks. We may rally hard off of it or sell off on the news. Nonetheless, the chaotic unsettled feel to the market and the economy is slowly dissipating thanks to Obama and his members' poise and confidence. Surprisingly, majority of the guests on cnbc today were skeptical of gov plan and recent rally. That leads me to believe that perhaps bearishness has reached a momentary peak. I'm neutral overall on the market but seeing some bullish signs.