One newsletter comment on oil/markets:
"On Thursday oil prices moved up and closed solidly over $56 per barrel. $60 is now in plain sight, and oil could get there quickly. I'd be really surprised if equity markets could keep on grinding higher while oil is spiking to $60 -- or even $63 -- but stranger things have happened. Even with the recent synchrony, I think it's much more likely that stocks will come under pressure and pull back as oil surges towards $60.
If it sets up this way -- that is, oil pushing higher while stocks come down -- then that would be a very juicy set-up to get into long positions. In fact, it's so good I doubt the trading gods will give it to us, but you never know. Just think: when oil starts crashing down from that $60 - $63 zone, you can bet that stocks will absolutely take off to the upside. If they've been able to grind higher while oil prices were rocketing up, then you can imagine what stocks will do when oil is tumbling down.
If this scenario unfolds, I'm going to recommend getting very aggressive on long positions -- perhaps even leveraging up a little bit with options. In fact, if you've never done an options position -- and this exact set-up unfolds -- I'll recommend and update an options position here in the Morning Briefing"
Cash is King until further notice!!!
My comments on companies are usually my opinion of long term success (years). The PPS may go up or down greatly in the meantime depending on the number of greedy suckers with money.
