Pre Markets

Futures are trading flat in the pre market but the real story is in commodities where Gold is up about $15 on the heels of $900 at $894 and Crude up $2.6 at/near all time highs at the $127 level.

Not sure how long equity markets can stay at these lofty levels if crude continues on the current path. It was just a few days ago where the market and crude were going in the exact opposite direction on every tick and that relationship may reappear quickly.

Gapping up- AMLN CELG RIMM CLR MPWR ARD DRYS RIG SOHU ATI CPSL NED SUTR AAP UTSI BMC CHIP AZN DNA

Gapping down- ORCL CNQR NEU VMI

RSI (2) levels:

SPX 95

DJIA 87

NAZ 98

NDX 94

RUT 94

MID 99

XLE 72

XLF 80

MSH 98

SMH 99

HHH 98

Linking:

VIX+MORE on why Volatility may have bottomed;

Mike with his daily chart look;

The Quant on the low VIX;

The BUFFETT plate;

The Crude /Pump anomaly;

GS with a new rude forecast;

And how about GHANA;