It’s quadruple witching today and more often than not it is a non event that just gives us a churning, sometimes rudderless day. Quadruple witching is the term for equity options, index options, single stock futures and index futures expiring simultaneously. In the past, it has brought on additional volatility, but some feel most of the expected pressure probably occurred at the beginning of this week.

RIMM guided light but recovered in the aftermarket, E-Trade offers 435 million shares and oil is near $72 a barrel.

There is a group that I think is ready to implode and  outperform for the balance of the year, I will be discussing on subscriber site this weekend.

Careful out there and have a great weekend.

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