Along with Cisco yesterday, Walmart came in with strong earnings, encouraging the bulls to take the ES near its 2594.50 all-time high once again, the first gain in 3 days. The Nasdaq closed at a new record high of 6793. The Gap is up 9% in pre-market on strong earnings; ANF and FL report today. The US House passed their version of tax reform, so now it’s up to the Senate where a tax reform bill is expected to be more difficult to pass. The Senate tax reform version includes repeals to parts of Obamacare which a few Republican Senators do not support. The economic calendar includes Building Permits and Housing Starts @ 8:30am EST. Volatility to the upside should be subdued, it most likely will be tough for the bulls to move into the 2600s today. Size bias is long into the US session open.