Wednesday

I still have my small stock long (although it got real close yesterday) and just took off my heating oil short, as it appears we may try to push 'the trade' higher through the thin holiday week. The bulls want their 50% retrace on the SPX, and the bears don't seem to have the moxy to stop them. I am still interested in pursuing a decent correction, but will probably have to wait until next week. Gold relentlessly pushes higher, as the Dollar relentlessly pushes lower. Unless we are in the blow-off move right now (which I doubt) then I would expect a sharp pull back soon.