PM LOOK

Markets continue to trade mixed with slightly more winners than losers. The winners on the day are the usual suspects, the Oils and the Metals. The big losers are the brokers with all of them getting crushed. The worst trashing being absorbed by JEF and LM.

The SPY has been trading a bit above the pivot point for most of the afternoon and will probably be pushed higher into the final 90 minutes.

The OIH is trading up 4+ bucks or 2.75% and those put sales last week are looking mighty fine. Cramer on realmoney.com is touting oil stocks, specifically NBR and HAL, and he is causing me to sell some inventory here. Jimmy is quintessential buy higher sell lower tradeologist.