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To: robert b furman who wrote (190014)4/21/2011 3:58:36 PM
From: 2MAR$  Respond to of 209892
 
One tempering factor is the oil trade /speculation which has driven prices up ...market's handling that nicely .

If does pullback in here would certainly add some timely relief & fuel the markets higher but the dollar continues its slide & were seeing some good evidence of modest overall growth

This topping out Goldman was suggesting just last week on the oil/commodities trades near term which would be timely going into the next few weeks late in the month but still in earnings season . (What happens after May?)
Message 27325374

so many crossing currents of currency, commdities , consumers, corporations, emerging markets , supply & demand ...growth=demand .... nice to have the charts ;0)

Some good reports out of the Oil services group & Energy sectors yet the move back up on the OIH seems "tempered" & these sectors may be losing momentum...again some clear pivots on this chart like so many others :

(have a nice weekend ! )