In an abundance of caution we are raising our current stops..

Many short term players are again using the double top @ 1352 to short the indices. They are playing for a breakdown to at least the 1329-32 area.

This battle will be won or lost at the end of the day.

Oil..just did a re test of yesterday’s range break out. If the stocks stay firm you’ve seen the low for the day. A test of just under 100 would not change the pattern.

The stock rotation has been interesting to say the least, with more action in the Dollar than the S&P 500.

DE…87.55 stop close

XLE... 73 stop close

OXY..102.40 same stop