Well, Wall Street has you right where they want you. In the south, keeping someone confused and preoccupied is called keeping someone "barefoot and pregnant". Today is option expiration and next week seasonality for the markets improve. Oil prices were lower this morning trading at $50.53/bbl. Once again oil appears set to test the $50/bbl support level again today. Soon, I think you'll see a sharp, but temporary break below the $50/bbl mark.
In the meantime, you traders can pick up some shares of the NASDAQ 100 (QQQQ) right here at $35.12. We are adding this to our "Big Picture" portfolio for a quick trade. Be patient before adding to your position in the integrated oils. Wait for around $48-$49 before adding. Our favorite picks are COP, XOM, PTR, and VLO.

