Partial snapback bounce, but an 8.9 earthquake in Japan

SPY up .71%, QQQQ up .54%, DIA up .5%, IWM up .41%

Late Thursday night, a magnitude 8.9 earthquake struck Japan as a wave of water literally erased a couple of cities on the northern island. While the U.S. market shrugged off the news then, its now three days later, and we'll have to see if Friday was simply the calm before the storm.

On Fri NYSE Breadth was 18 to 12 in favor of the bulls. Only 77 issues closed at 50-day highs.

Food was led by SJM up 1.18 to 71.40