Boone Pickens is bullish on oil up to 125. Also, check the WSJ front page article about slowing production in Russia. You can find that article here.
The was a nice entry today. Around 12 and 12:35 the SPY made new lows but the XLF did not confirm. The SPY then went on to confirm the divergence and form a double bottom which led to a full dollar rally into the close.
Citigroup will announce in the pre-market. That will certainly have a big effect on the market and is something that needs to be watched closely. Citi's at the heart of the financial worries that cloud the market right now. Their earnings could really help us in establishing a clear direction from here.
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