Yesterday the cardinals entered the conclave. There was black smoke at the end of the first day.
Today after the morning session, there was black smoke.
Morning - after 2 ballots - 11 to12 noon Rome time - 6 to 7 am EDT
Afternoon - after 2 ballots - 6 to 7 pm Rome time - 1 to 2 pm EDT
There are two ballots in each session. If a pope is chosen on the first ballot of the session, the white smoke will be seen at either 6 am or 1 pm.
UPDATED to reflect earlier possible times for smoke to be seen. VIS: "The “fumata”, again black, issued forth at 11:40 this morning, around 20 minutes earlier then expected."