Hmmm

Bounce then looking for those lows again- Bearish attitude here

Markets

When in doubt do nothing. That's what I think we are in now, doubt mode. The market looks higher BUT I expect a pullback before we tackle that fib level I mentioned in past post. Beyond that I am also getting some projections up to 1427, which is where ultimately we will end up.
Now I am flat very flat as we are too jittery here and when the pullback comes it will allow for a excellent risk reward for longs. I would not be short here as I think the pullback will be shallow.

Oil

I have been a long time Oil bull as most know. I think the time of cheap oil is over and these political shift in the middle east might have own supply in hands of folks who are against western political views. I think there is a good chance we hit that $113 level in the next 12 months.

Oil

Wow missed this HUGE move on Oil. New two year highs on the trouble in Libya.
Wont happen today but I will be looking at S&P 1303 for a long to hold

Tuesday morning

Seem like we will start the week on a huge gap down. All the previous gaps have been buy able but I would wait for a confirmation of a 10am high.