As much as a market that gets crushed off of Europe and oil is easy to hate, may I caution that it's never been a horrendous market when interest rates go down as they have and the dollar's not spiking.
Here's the issue: the Baker Hughes rig count comes out today and if it shows any sort of increase in rigs then oil could drop another dollar.
So, my suggestion is that even though the market looks like it is stabilizing, it really can't unless oil stabilizes.
Usual suspects need to bottom: Bristol-Myers (BMY), UnitedHealth (UNH), Usual suspects have to keep advancing: Smucker (SJM) and Clorox (CLX).
Yes, it is that crystal clear.
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Company takes on challenges to cut risk and raise return, and now the technical picture shows it's primed for a quick $5 to $7 move over the next few weeks.
Some traders seem unsettled by a bit of downside volatility after not experiencing much of it of late.
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