Day Summary

Markets are at 200 ma resistance and are struggling, for bulls to continue forward markets need to consoildate at these levels without giving up too much grounds on the downside. Oil hit a new all time high today, as I had mentioned in my previous post that we need to see if last weeks sell off in oil was a sector rotation or just a blip on radar, I think we pretty much got the proof today. Oil svcs sector rose too and the bull market in energy continues. I think Gold is reaching area where it can find support on long term charts and may base around here. It might give us a long entry in next few days. Bought some EWC today , the candian etf looks ready to run and may run up to retest its highs.