Orders:

Sell March 10-yr. Treasury 107'00 put at open. Take profits. Market sentiment can't go much further from an 86% chance of lower rates in March to only 50% chance of lower rates in September.

Short 2 MSCI Emerging Market index (EEM) at open. Hedge against "Doomsday Scenario."

Buy 5 Gafisa (GFSAY.PK) at open. Brazilian homebuilder. Play on mortgage rates coming down (since 2003, inflation is down from 12% to 3% but real rates are still at 10%) and an 8 million unit housing shortage.

Short 6 InnerWorkings (INWK) at open. Barron's says the man behind the scenes is a crook, and nobody's better at uncovering the crooks than Barron's.