NEW QUARTER...NEW HOPE!

We're an optimistic bunch in here. Okay so the bear market has taken us out to lunch and the charts below look awful. But it is a new quarter. Distribution increases are coming and since we are sitting with a yield spread at nearly 400 basis points i think we can be optimistic that that spread will shrink. At least we can hold that open for this morning with stock futures strong.

We probably won't know when the bottom is in until we are long past it and we can look back and say...there it was.

Meanwhile one of the better looking charts is the chart of Atlas Energy Resources (ATN) which has held up better after its natural gas discovery a few months ago. Well last night Cramer gave this stock a big goose on Mad Money. No guarantees that he will be right...but hell broken clocks are right twice a day (only kidding).

Atlas is bidding 32 this morning up 1 and some change from yesterday's close. No other news this morning and no upgrades or downgrades so far this morning. Energy is down a touch this morning with oil and 101. Stock futures up 11.50 as of this posting.