The chart patterns are conflicting.

While XLE and Dig are attempting outside reversal downside weeks, the oil is not. While the Oil put in a daily outside reversal yesterday the ETF’s did not.

If this is all the damage the Stocks Indices can get done on the downside, we will be looking to add the OIL etf’s to our long portfolio late in the day..

Those of you who wish to lead off can buy a little now.

It’s getting to be that time of day again when capital flows have a tendency to change. Action back over 1281 Spu’s will likely have us looking at the high 1280’s again.