Looking for Early Morning Weakness Then a Reversal

I stated that I was looking for a decline today and we got it the Dow mines industrial average closed down 142 points. I am looking for a move down early in the morning then a reversal sometime during the day. I think we should get another push up. I like MSFT on the daily charts and any pullback to between the 46.80 and 47.40 I would be a buyer for a trade. Oil was up strong today closing at 60.68. Oil on the weekly chart has a ton of overhead resistance. When oil is pushing up stocks like XLE, HES , OXY, PVA are breaking down this is a sign to me that oil is near the end of it run. Gold today was up about 5 and I still am very bullish on gold I am looking for a move to the 1210 area first. I like NUGT between 10.80 and 11.40 where I would be a buyer.


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