• Forget Dark Knight—the skies over Gotham have turned jet black as we edge our way through the Minyan Monday Fray.
  
  
• We, the people, are conditioned to believe what we read, see and hear.
  
  
• Bloomberg reported this morning that U.S. Stock Index Futures were  higher due to an uptick in commodity prices.

  • STOCKS
  • RELATED ARTICLES
  • ALSO BY...

  SEARCH:

  Random Thoughts: The Risk to Rewards
  Random Thoughts: Trading the Magic Beanstalk
  

  The Other Side of the Dollar
  Randoms: A Devil of a Level
  The Mother of All Pennants
  Monday Morning Quarterback: Printing Press vs. Credit Stress
  Freaky Friday Potpourri: Why the Lower Dollar Isn’t an All-Clear
  

  
  
  
• That's odd considering the major market misnomers that investors have been conditioned to expect.
  
  
• This is one Hank Paulson bail-out that shouldn't come as a shocker to anyone.
  
  
• "There have been 24 daily Dow Wows of 300+ points and NONE of them have been within the confines of a secular bull market." Raymond James Chief Strategist Jeff Saut in his weekly market missive.
  
  
• While I'm still sensing par ($100) into the election, I'll likely look for a Snapper if crude straight shots into $110 early this week.
  
  
• S&P 1262 is the fourth higher low (since July 15) and the level of lore.
  
  
• S&P 1292 is the nearest term defined risk (triple top breakout) and, while that may prove to be a tad tight, can be used as a bovine backstop for the more aggressive Minyans in our midst.
  
  
• The risk? Credit. That's always been the risk and it's still the risk and it's a risk that you need to respect regardless of which way the equity fray sways.
  
  
• There are other risks like, for instance, streaking. But we’ll leave that for another time.
  
  
• Good luck Minyans—trade like Michael Phelps swims and yes, that means you should remember to breathe as well.

The following missive appeared on our premium Buzz & Banter this morning at 9:53 AM:

One truism I've learned through the years is to stay humble or the market will do it for you. 

Indeed, just when you think you've got a handle on the tape, it typically precedes a pretty painful lesson.

With that said--and with hat in hand--I'm vibing a trade that may or may not unfold but as I can't seem to shake it, I wanted to share it.}

How's this--further slippage in crude, perhaps to $110/barrel.


Click to enlarge

That could light a match under the equity market for a move into or near S&P 1350 (which is the trendline of lower highs since October). 


Click to enlarge

From there, a wicked reversal that shakes the near-term bulls and scolds the 'late to the party' crude bears.

I May be nuts--dude, I've got metaphorical imagery as friends--but I'm honest. Always honest.

R.P.