Bullish with Chance of Rain....05.04.15

A nice pop at the open realized our expected follow through from Friday's close.  There was some pullback in select issue and evidence of ambivalence throughout the day.  Volume was very low and there was no trend conviction.  We still have almost 50% of the S&P yet to report earnings, including whole sectors, including retail.  XIV looked like a runner today then pooped out in the afternoon sessions and actually finished in the red (-.3%).  That's not a good sign for the bulls.