We had a small overnight ramp to come in and take the S&P Futures (ES) positive, and then we got the drop in claims, which took ES up 3 handles. Currently ES is up 3.65 handles at 1679.25 with 140k minis traded. Session highis 1680 even, with a session low of 1671.75. We have the Philly Fed at 10am, along with part 2 of Bernanke’s Testimony. Should be interesting to see if we can retest or close above the May 22 high, which is 7 handles away.