We got a down spike on the oil inventory data.
Now then, will we get market direction?

Melnibone.

DOW trying to take out 10,000.
NDX has closed the gap down open from just over a week ago,
circa 1355.

Stuff's starting to get interesting. :-)

Melnibone.

Just can't bring myself to go against such a powerful trend on oil. Historically:

Interest rates up = equities down
Oil up = equities down
Massive US debt mountain = $/equities down

When the NDX closed that gap open from a while back that I was
talking about, circa 1355, it collected the Bears that got left behind
and the Bears that were in have now realised their profits.
Since then it's started to drop.

Bulls need to spend some money, IMHO, or the Bears take control
again.

Melnibone.