The Stac Board

[75playa]

Definately Oil...

If the price doesn't lay off the market is going to crash. Long 1103.50...stop @ 1099 (LOL)

Seriously...
NDX didn't even take out 1425 but the S&P broke down exactly opposite of crude oil's launch. Good support here and still green for me for the week only going long...lucky I guess. The move down may not be finished but it's too hard to jump in on the short side.

Watching my old standby stocks for re-entry: HL, KRY, CHK and EGHT. I am done with this trying to find the bottom on these weak stocks. It doesn't seem to work for me. :( I got stopped out on all 3 of my stocks today at break even minus commission: LSI, TXCC and LTXX.

I may try one occasionally if the setup is right but it seems to me that this is a market that needs to be played on strenghth and not oversold hops...good luck to you guys.