European markets are running on the same day the ECB kisses Trichet goodbye. With him stepping down, perhaps the new ECB will be led by a more dovish Chairman. At a minimum, him leaving is a huge plus for Europe, based upon his history being a stark raving idiot.

US futures are higher, despite softness in Apple. I like the commodity sector for further upside. And, the silver sector is likely due for a bounce, with the announcement of QE2 in England and a ridiculously oversold condition in silver stocks, namely AG and EXK.

With my money, into extreme strength, I will likely take profits. If we trade soft, I will leave my positions in place. The big risk is having exposure into tomorrow’s unemployment numbers. But, at the same time, the market is already pricing in despair. To be safe, you probably want to reduce exposure, get small, and prepare to enjoy the weekend.