Market

LOW's smoked numbers sending the S&P higher. The next phase will be tomorrow with Home Depot. It is likely that HD will post good numbers but their outlook will be vital for the market. Homebuilder Sentiment bumped up again at 16 (second straight bump). Housing is what got us here, so it will bring us out. On the long side, I am buying a few things but like energy and commodoties here. Oil is up 3%+ today and I think it will continue. I bought my WNR for a play on the crack spread. XLE and ERX (triple leverage) are broader etf plays on oil. In my view, Oil could cripple our economy if something isn't done. Data just released shows that the biggest buyers on crude futures are BANKS lolll. GS and MS are loading up and want to take on the risk again, so I like crude here.