The XLA and the OAH Are Both Showing Relative Strength to Crude.

I think the commodity crude might have put in a bit of a short term bottom. And maybe we go back and test that downtrend line, which probably comes in with time to K around 84 or so. If you just look at the broader market, which is basically nowhere, but when you look under the covers and look under the hood, you got a lot of really cool things going on. I start like thinking about how people are positioned. It really feels to me that people were overweight, energy and crude related names.