Another M&A Rally

Good morning. An optimistic mood is in place following a flood of new M&A activity, a weaker yen, and strength in overseas markets. The only economic report scheduled for today is the Housing Market Index at 1PM.

Stocks trading significantly higher in the premarket session are SIGA, ACAD, FRPT, LEND, TTWO, JSDA, OFI, TSL, NSTK, SKIL, CTIB, EAGL, MTLK, DRL, FSLR, BRNC, SIRF, HOFF, XING, BEAS, ACOR, CYTR, and ASYS. Stocks moving lower are AGIX, HERO, PSPT, SHPGY, and AMSL.

While there's not a lot of trust for the market, the headlines are positive enough to encourage the buyers from their foxholes. Look for the market to test and break though last week's highs and, if they don't or if the early optimism is squandered, it would again confirm that not all is well. Let's make it a great week!