Keep selling rallies in the S&P 500 Futures. We exited our last shorts around 1326. We just put a few back out this a.m. and will be selling the futures @ 1337-8 if they rebound again with a 1345 stop.

We will look at the JJG around 52.75 for another buy.

Oil and oil stocks are toast. These could break as much as another 10% led by names like OXY and BTU. Trade accordingly.