A-Team

I love it when a plan comes together.    OpEx week is crazy anyways, but we’re still following the mold cast last week…a strong day that collapsed followed by 2 strong up days…1 down, 1 to go! My gut though says enough is enough, markets take a rest maybe….if not down.

We also broke through the 1050-1106 channel as well as the 200ma in the S&P. Of course we need to see some follow-through on Wednesday, but a small consolidation day won’t burst my bubble.

Oil had a very strong day and brought up all the oil ETFs that have been slapped around: UCO ERX USO. Now we will have to see what the world thinks now that the president has spoken. Don’t you all feel better now that he has solved all the problems? Unemployment should go down since he is forming a commission to figure out what happened, another commission to plan how to clean up the entire gulf region and yet another commission to dole out BP’s money. And like any other government department, these will take lots of people…10 supervisors for every worker at least, heehee.

I digress from the political soapbox.