Stock futures pointed to a modestly higher open Wednesday as Wall Street appeared ready to recover some of its huge losses from the previous

After an initial promising kick in the number of stocks popping over their 200-day MAs, yesterday proved to be a kick in the teeth as market sentiment was scrambled. In effect, sentiment was downgraded from net positive to a trading range (but not outright negative). The Nasdaq was in better shape, but it too is faltering Given the relative standing of breadth indicators the expectation would be for lower prices over the next 1-6 months contrary to my initial assertion for a rally into May.