Return of the toxic bank

This latest government inspired rally which we re expecting more details at 12:45 EDT is driven by the financials but has some underpinnings which are giving the oil bulls pause at least for the moment 8:36 my oil 52.40 up  33cents- It was up more than 75 cents last night without this futures gap up. The almighty dollar ever on the minds of oil traders has weakened  from this as investors risk appetite increases.  Look for a decent pullback to buy oil be patient an opportunity will avail itself to us we are still sellers of May 53.40-53  area.  Buyers look 51.75- 51.5 i trade for half points so put your stops in place and take profits like clockwork 


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