Greetings from New York where, due to an outbreak of illness on the Fast Money set I'm channeling my thoughts via The Woo Woo Kid. Here's what I'm watching, in a severely over-burdened way:
 

• Citigroup (C) jumps on board the Wal-Mart (WMT) train just 20% into the Bentonville Bully's move for 2008. Do I still like the company right here, right now, ahead of tomorrow's earnings? Yup, but I'm aching like crazy for a pullback. You simply fight a story as easy for a broker to sell as "Wal-Mart is back. You need to own it!"
  
  
• Speaking of things I'm afraid to fight: If you went into Friday night short FedEx (FDX), chances are your day is going nothing like you thought it would after the shipper warned and warned big on Friday night. It's terrible form to warn on a Friday and FDX missed by a mile. The stock, however, is higher. If you're short the shipper, what, exactly, is the catalyst you're waiting for?
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• I took a peek at the always-excellent Jeff Cooper's thoughts on the USO, with crude finally taking a breather today. Remember that idea about "drawing an uptrend with a crayon and buying when the price pulls back to the line"? My purple crayon wants me to wait until somewhere just under $94 before I start buying the USO, Harold.
  
  
• Hewlett-Packard (HPQ) for Electronic Data Systems (EDS)? Were I a paranoid guy, and I am, I would be suddenly worried about the nature of the quarter HPQ is about to report. Good or bad, no one is going to be talking much about the actual numbers HPQ reports on Thursday afternoon.