Morning folks. Futures gapping up slightly across the board. We got a nice run in oil with USO up 1.7% and same for Nat gas. We could chop around a bit as investors await resolution on the tax deal. The market has already priced the deal getting done but as always there will be some caution as its gets finalized. On friday the SPY hit 2 year highs. Nearest shorterm support levels are spx 1220 so if we pullback keep an eye on that level. In the end it might not matter as we are all coked up cracked out…going on an old school gorilla run. Im seeing a bit of deal flow as our corporate candy baggers have nowhere to stick their untaxed dollars and cash is at record highs. Where they gonna stick all that cash?? T-bills! UM no..best bet is to buy up companies of all sorts.
some stocks im watching