The market sold off after a few solid days of price rises in stocks. Oil crossed 129$ a barrel as commodities and ag bucked the down trend. Mad money did a special on dry bulk shippers last night officially signaling a near term top.
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The market ended the week on a flat note, however Commodities and Ag stocks soared for the third day in a row as oil hit yet another new high.
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The market surged today on the backs of an oil recovery and higher commodity prices. The commodities bull is back and its going to drag any shorts in its wake. Wait for a pullback to sink anymore funds, however I did add to my RIG position at 148 yesterday.
