With JPow and the FOMC in our rearview, we push on to Thursday’s market action. Morning futures point to a green open, and as always we’ll watch our 30 and 60 min opening ranges. First point of order for the bulls will be retaking the 50 SMAs in the SPY and QQQs. The benchmark to watch today is the 4400 level in the ES. Most of the larger battles between the bulls and bears in the futures market has been at that level. We’re probably due for one more test of it after the NY open, and then we’ll see where the action takes us. The most long side value could be in the travel stocks, especially the airlines. Names like AAL, UAL, LUV, DAL, etc, could get a boost on most news of relaxed travel restrictions for vaccinated travelers.