A.M. Look 2/14/12

Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as a surrogate to the Crude Futures.

The Bears are in control for a bit as evidenced by all the Dollar buying today.

Keep the current stops working. We will stay with the USO without a stop for now.

USD/BRL…needs a close over 172.70 for an ORH day, meaning more Real weakness and more Risk Off.