I’m obviously Bullish Risk Assets…

OIL…The near term stops in the oil are just over 94.65, last month’s high.

Don’t get too exited up here the first time. The 200 day mvg avg comes in just shy of 95. Always a good area to expect possible price rejection the first time up. ( In short don’t buy strength into the zone the first time up and expect to be gratified). Look for it to trade Risk On with the Equities.

Long SPU/ Short 30 Yr. Bonds…

I’m looking for the S&P to go into the 1330’s as long as there is no close below 1210 ish +-.In other words as long as we don’t get stopped out.

The S&P is the dog, as far as the stock indices go, trading around last years close (1253 S&P 500 Futures). With any remotely good news with tomorrow’s unemployment data, (coupled with that whimsical notion that the G-20 could actually be produce a positive statement), we’ll see these upper tgt’s.