Morning Coffee Notes

Small caps are still lagging and have been all over the place since the open. But bulls are still giving it a go at a snapback rally in front of the Fed tomorrow afternoon. In addition TWTR earnings tonight should provide some excitement. 

Speaking of earnings, BIDU is following-through lower from last evening's gap own after the report.

On the intraday chart off the open, below, if the highlighted "bear flag" consolidation pushes below $168 today the stock may be ripe for a day-trade short.