THE NOVEMBER HIGH!

I posted last night that my 226 target is within reach and looking at the way the markets and energy are behaving in the pre market we could get there in the first half hour!. Of course the obvious question is now what.
We are at a bit of an important inflexion point in my view. If we breakout above 226 and keep going i mentioned that the next logical stop would be 240 and that takes us back to last September before the meltdown. Certainly with crude above 60 dollars it is helpful to mlps that have been hurt extra hard by the collapse in oil to 33 bucks. Nat gas is only now perhaps coming off its low and is back above 4 dollars. There is room for nat gas to rally in here. Looks like laddering in for me was a good thing as i am now sitting on a nice profit after just a one day move.

Linn Energy got another Cramer goose on mad money last night and the stock is back at 20 dollars this morning in the premarket.
20 takes us back to last September before the meltdown. Glory!

This morning no corporate news and no upgrades or downgrades so far. Crude is up a buck to 66 and nat gas up 11 cents to 4.07 as of this post. Nat gas numbers due out today are expected to be bearish showing a rise in storage. If thats already baked into the cake it could move higher. Stock futures are up 7 points before the 8:30 news onslaught begins.