After open-out cry Thursday now short 65.20

Do you want to blame this rally it on durable goods? The market itself?Inventories ? Summer drive? Saudi Arabia?Sentiment? Like I said this vehicle was looking for an excuse to rally so pick your poison so to speak.
 We admit it was tough to buy just below 63 after a fairly nice move but when it did not sell off last night and just stood its ground the feeling that purveyed was to go with it rather than fight it. We certainly dismissed the notion of selling down there (now its down there) and hope we dispelled that urge throughout the membership. We are at the top of this new channel slightly upwards of 65 and before it broke through to 65.44 we positioned from the short side at 65.20 narrowly avoiding a stop out on our second entry from the sell side. Stop in place of course at 65.25 I should not have to print that as a stop normally goes in place and is usually between 15-35 cents depending on conditions but is so vital that we will reiterate because that mistake just cannot be made by any trader in this group. 
 It is still acting like there is more upside to go but we will take one or two more shots from the sell side at the apex of this channel from a trading perspective. We like the Saudi's believe 75 is not that far fetched and we will certainly see it at some point on the horizon.

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