Berkshire buys Burlington Northern

This was the impetus for the jump up in the futures at 7:30 EST.  This shouldn't have any effect on today's trading.  We went from a big gap down to a small, which is not a common occurrence.  There are willing buyers in the market at these levels.  I don't expect much upside or downside today.  I will be selling rips and buying dips today.  I expect the volatility to be more muted than yesterday.  We may rip higher in the 1st hour or two.  Overall, it should be a choppy day.