In general, the market should continue its' bullish momentum aiming to re-test the 14,000 mark and will probably surpass it significantly without any difficulty. On the other hand, oil stocks have been giving back some of the yearly gains since it is almost October.

I was short on oil (with exceptions on ALY) stocks, such as WNR and FTO. And I am thinking that NYX will continue its' downtrend since hitting a high of $80.06 in yesterday's trading. Although it seems extremely bullish making a 12 points upward movement since its' recent low of $68, looking at recent similar spikes, it seems like it is just the market-makers trying to push it up to ease their positions a little by writing more contracts and devalue and repurchase other options contracts. Don't blame them, that's how they make money. It's just a little bit different from real insurance business. Really. Just that insurance companies don't go out to make more accidents to increase their premiums. Wait, do they?

Personally, I think it is now officially the shopping season for the end of the year rally. There's plenty of research work to be done for there will be some major investment decisions to be made before the holiday season.