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Markets To Have Lift At Close?

There's a theory--and that's all it is--that the market may have a modest lift toward the close.

The theory is that this is the three-day delivery date for shorts. Stocks have three days to "clear" or deliver the goods. Remember the SEC banned short selling in financials Thursday night, so this is the last chance to cover those short positions, and this may create a modest rise in the market toward the close.

As everyone knows, the mother of all short coverings occurred on Friday, so how much this will contribute to the close is not clear. But it's in the air.

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