FUTURES RALLY 200 POINTS ON BANK PLAN
SO THE RALLY GOES ON!

Nice to wake up on a Monday morning with big plus signs on the futures. We will be getting back all of Friday's losses and then some as the market reacts to the bank plan. And it seems its happy that they finally actually have some sort of basic workable plan and we can go foward.



MLPS took it on the chin for 5 points on Friday but we are still in a good place in this base that is being built. Chart does look much better than the dow and i guess we need to see us take out the 200 level to breakout of the base. Last Friday i noted some individual mlps look like they are putting in bases and a few have some breakout points to watch for.

Energy is up a touch this morning and i would continue to expect crude to move in tandem with equities. No corporate developements and no upgrades or downgrades so far this morning.

This is my last day of a work stretch and i also have to see one of those doctors a guy sees when he hits 50. I wonder if i should show up with flowers and chocolates? I just hope he has a sense of humor. Can't stand physicans who don't know how to laugh!