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Europe pushing up to 11 month highs

gm-  Equities higher globally this am with a push in European indices back to 11 mth highs while most of Asia finished solidly in the green- Treasuries are mildly positive this am while WTI, Brent crude extend yesterday's breakout and the Dollar is moderately positive, though weaker vs Sterling as Pound gaining on inflation gains to quickest in 2 years-- Key to note for this am-  SXXP has extended its advance above the highs of the last few days while European banks have reversed earlier losses after Italian recapitalization talk with Banca Monti dei Paschi-  Defensive shares had begun to bounce in recent days, frontrunning any possible yield pullback, with gains in REITS, while Utes and Telcomm both outperformed yesterday-  Overall a push back to 2270-5 looks likely into FOMC decision tomorrow before any type of slowdown, and right to be long Energy on Crude extending while expecting further bounce In Healthcare as mean reversion gets underway, particularly in the Pharma and Medical device stocks, while Biotech move looks to be right around the corner-  Areas for support resistance today lie near 2261 initially on the upside then 2272-5 while 2254 pivot and 2243 as support for March futures-  Early gainers in OPHT, BA, LIFE, SEAS while on downside- PRTO, INOV, BDSI, ARI, AKAO, PAY, NSA, PEIX-  Let me know if you have any questions