Weekend

I think next week we will have a bullish week. I know today is friday night but I think we can push up into that 200 ma on the indexes here.
One stock I am goign to gun for next week is X (United Steel). This one looks like it want $200. Google also looks like they might want to pin this one to $600 area next week.
I will say it here, the next push up will be the last time to sell your longs. The next push up will bring all the bulls out and then we will burn hard, very hard.

Have a great weekend

Pre Market

Oil is ticking above $125.50 as I write and world markets are getting a cold slap in the face this morning. AIG should set the stage for a pullback in the financials. Citibank may shed $400 billion in assets.They have a $2 trillion balance sheet. What a monster company. I think they will let some air out today as there isn't a positive catalyst in site, and oil prices are really starting to piss the market off. With most earnings out of the way and commodities soaring it may be a good time to step aside or increase short exposure. Keep an eye on yesterdays lows to see if they are violated. I think they will crack. Critical juncture in the market as the rebound could be seriously tested here.