Pick a side today and trade your technical levels with tight stops. Oil will continue to drive the equity markets in the near term.

The only stand out pattern on the board from last night was the 30Yr. futures finally getting the stops over 122.10 and reversing. I would’ve much rather seen that price action while the U.S. markets were open so I am not discounting another try at it this week. Note the short term action off the Spu/Bond spread.

The Dollar still can’t get any sustained traction. The Euro would need a weekly close under 137.54 to make me think the Dollar has turned the corner. This continues to be a very technical trade.

Take what the market gives you and be happy.