Lots of trading today….all in S&P (ES) and Russell (TF) emini futures. What a fantastic day! And my oil play via UCO, although still under water, can actually see the surface of the water. 
Okay, now what? We need to see some confirmation, but after a big move like today maybe a breather is in order. Some sideways meandering would not be a bad thing, nor would a small pullback.
My biggest problem, still, is DRYS, it’s been sinking for weeks, along with the BDI. The Baltic Dry Index has fallen for the 30th consecutive session. It is the longest decline in six years. During this swoon, the index has fallen 50% from May 26th.
Here’s some bullish thoughts:
Why Jeff Rubin still sees triple-digit oil prices by 2011
Altucher says S&P ready for 1500
Sometimes, entranced by the screens, watching equities, options and futures change colors, charts moving in a wave, and indicators pointing in every direction, I just have to scream....
