Today’s low in PIN is the a retest of the 200 day mvg avg.

EPI…the 200 day is 19.87

Investors looking to diversify or playing in this pond, manage your risk against these #’s. Closing under these levels would be price negative.

General price action…

The Spu’s and Nasd are trading like they did in 2000. They’re overbought pigs with no price action that just continue to grind higher. One day, as in 2001, they will implode. In the meantime just keep to the individual instruments where the game is much easier and the risk easily identified.

All you can do is take the train ride until the conductor decides to eject you.

COP…Conoco needs all new closing strength over 72.20 ish for another leg up.

Investors who have not paid for their stops ( selling some longs to reduce their exposure) would be wise to do so.

OXY..same advice!