Both of these names followed the price action laid out this A.M. by spiking their respective qtrly stops and start back higher.

Classic opening range trades.

Oil has held for now. 53.90 should be the stop used for any trader that attempted a long.

OXY…price action and a close today over 75.80 is needed to confirm an intermediate low.

CVX…price action and a close today over 104 is needed to confirm an intermediate low.

The 30 yr. Bond futures double topped a tick shy of 148.00, which is keeping the Equity Indices firm.

FORD…we were stopped out of the remainder of our Long position on today’s opening

right where we originally purchased the shares