Bottom fish - GMR

Stop 6.95

MO

S&P 500 monthly

Pretty easy to see the resistance points at 1015. Short with a stop just above 1015 and a buy stop to get long at 1016.

Crude update

Long term monthly chart of crude shows how important the $75 level is as the 200 month Simple Moving Average is $74.70. A break above this level could send crude on a trek back to triple digits going into the winter months. This is definitely a market sentiment indicator to watch closely.

XLF

Two ways to play the XLF on a breakout or failure of the channel line.

Breakout: Use a Buy stop above today's high of $14 to catch a possible breakout of the channel. Today's low 13.67 or the 20 sma - 13.50 as possible stops.

Breakdown: Go ahead and buy the Puts with a tight stop above $14.10 and a loose above 14.35.

No doubt the XLF is gonna make a move and a pick up in voulme will tell the tale as to which way to let ride as the other trade is stopped out.

DOW 30

Looks like a short to me with a stop above 9314. Sorta looks like a H&S pattern, huh?

Inverted S&P 500