No kidding; it's employment day. But I can't stress how make-or-break this oil level is. You have a potential for a breakdown if this level doesn't hold that could trump anything that comes from the number.
But here's something else to think about: the European banks are the epicenter of the systemic risk out there. If there is anything that can stop a rollover, it would be this group, and the one with the strongest fundamentals is Lloyds ( (LYG) ). So put that on your screen.
Our bank stocks are entirely reacting to vicious number cuts that are expected when the banks report. If we don't get them -- and I don't know how that is possible, but it could be the case, given the whisper cuts -- then the higher yielding banks might come into play, too.
Remember, the air is thick with deals in the food space. Mondelez ( (MDLZ) ) must do something to grow. WhiteWave Foods ( (WWAV) ), which is a member of the Action Alerts PLUS charity portfolio? Back to Hershey ( (HSY) )? Don't rule out something special.
And you need to keep an eye on non-Amazon retailers, as they tried to make a run yesterday. So did the airlines, but the numbers haven't come down enough, and I am most suspicious of the rails, given the endless run up of natural gas.
That means coal is still too highly valued as a cargo. You are on your own with that group, for certain.