Markets

This is what I am looking at right now

BINGO- OIL

Bingo on Oil - $75 based on our analysis 3 weeks ago said should goto $75. we down to 70.70 hope you got a short off at $75 or close to !

CRUDE-BINGO

Bingo on the $75 we said we would hit - Now what?
Well I see big enough divergence here to poke it short @ $75 and will see what will happen in the next few days

Remember

Remember I am still expecting 1045/1054 range and maybe 1069 but that should be all she wrote.
We are getting closer and closer to these numbers so keep sharp, extra sharp.

ES

Market should make a pullback and I am looking for a test for that 1006 again and technically a break down to the last swing low of 976. I dont think the risk reward here is on the bulls side and therefore I would be more inclined to short

CRUDE

Getting some huge divergence on Crude here- If you are long I would be scaling or getting out.

AP sources: $2 trillion higher deficit projected

WASHINGTON - The Obama administration expects the federal deficit over the next decade to be $2 trillion bigger than previously estimated, White House officials said Friday, a setback for a president already facing a Congress and public wary over spending.

The new projection, to be announced on Tuesday, is for a cumulative 2010-2019 deficit of $9 trillion instead of the $7 trillion previously estimated. The new figure reflects slumping revenues from a worse economic picture than was expected earlier this year. The officials spoke only on the condition of anonymity ahead of next week's announcement.

Ten-year forecasts are volatile figures subject to change over time. But the higher number will likely create political difficulties for President Barack Obama in Congress and could create anxiety with foreign buyers of U.S. debt.