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Speaking of the stock markets, it seems like they were oversold recently, and as a result people are picking up perceived value. We believe that will be the continued attitude of the markets, and believe that once the S&P 500 gets above the 2000 level, that should propel most US indices much higher, perhaps back to the highs that we have seen recently.

Crude oil looks like it’s turning around, and we are buyers of calls in general. We believe that the jobs number can propel energy in general, and as a result we feel that the energies could have a fairly decent day on Friday as the number comes out. As long as we can stay above $44, we feel that energy and petroleum will both continue to go higher. However, the one outlier of course is natural gas. Any rally in that market should be a put buying opportunity.

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