PRE MARKETS

Futures are trading lower as I type although near fair value in spite of $130+ crude prices +$1.2 and gold also moving up at $926- higher by $6.

Some links to start the day:

Dr. Brett on the financials;

The TRADER MIKE recap;

Bernie on the longer term moving averages;

BESPOKE on the issue of VOLUME;

The latest SPX strategist price targets;

VIX in the middle of its recent range - RSI (2) levels oversold but not at buy levels- Breadth moving averges- middle of the range-ARMS index moving averages middle of the range- no reason to load the boat just yet.

I suspect in the short term the markets will trade inverse to crude and any dip in crude may rocket the markets higher- so lets see.