No change in view for the stock market. Remains leaning to the bull side for the next week or two. Upside is likely limited, with a small chance of a larger squeeze up. More likely mild pressure to the upside. At some point on the horizon shorts are shaping up. Even today two leaders —Amazon and Apple— were really under a lot of selling pressure. I think that is the bears first shot across the bow. More to come before the end of the month I believe.  But to be clear I am not shorting here or just yet.

I went long the oil sector on Wednesday via Devon Energy.

Thanks,

Joe