Morning Look

X had a real nice number this morning and it’s up $10 in pre market. It’s pushing the group higher and the coal stocks are jumping in as well. The financials look like they will rally here too. Maybe a turnaround Tuesday is setting up. I’m watching the agricultural sector as a possible short play. MOS is down about $5 here and I’m just wondering how this group will play out. Their charts are very suspect here. I will move fast if they look like they are going to cave. They can surprise you and turn fast so be careful.

I don’t see the financial rally lasting-just my gut.