Whats going in the market?

Stocks remain strong. Still room for more upside today, but expect plenty of volatility on 4 X witching.

Crude oil coming back. Still risk is more cutting rhetoric from OPEC. Remember the big draws in API/DOE inventories lately.

EURUSD: Weakening and could be headed for 1.3030 Fibo-support. E-Z figures have been slightly disappointing lately.

NZD at risk with weakish figures lately and Nonresident Bond Holdings at record highs. Last time NBH were this high was in 1997-1998.