The 530 billion euros borrowed from the ECB in the second LTRO operation announced today was perfect — neither too much, nor too little — enabling most to say the operation was a success.

Take a look at some of Wednesday morning’s early movers:

The major index market carpet shows the Dow Transports underperforming with its components showing more down days than up days in February. Since 31-Jan, the Trannies show -2 for net up days-down days for all components. This indicator counts the number of days each stock moves higher and then subtracts the number of days each moves lower during the specified time span. It is a breadth type indicator that measures the degree of participation.

Click this image for a live chart.