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Crude weakness represents buying opportunity

Fractional losses in US Equities this am ahead of New Home sales data and Dallas Fed around 10am but S&P a good 10 handles off early lows made around Europe's open while most of Europe still down moderately-   XRX, KKR missing early on earnings while LH, FDC beat, after mkt today we have ESRX, NBR, PXD and then tomorrows AAPL, DD, FCX, MMM, EBAY, PG as a huge week of earnings underway.  Wed and Thurs FOMC and BOJ.  Italy leading to the downside in European trading with Miners and energy underperforming abroad- In the US, early weakness from XRX, SWN, PRGO and on the upside- JOY, SBBP, AVXL-  US Dollar down over 0.60% vs both Pound Sterling and Yen this am, Gold higher while crude showing just fractional weakness-   Key for today- S&P-2074-5, 2069 as support while 2083 Pivot and 2090-1 on upside initially- Trend will be positive even on very short-term basis until there's evidence of 2074 being violated on a CLOSE-   This week's Weekly Technical Perspective highlights Energy which remains attractive and today's dip likely provides buying oppty for many of these names.. Report shows 13 attractive names from a risk/reward basis- but important to note that OIH just getting above SPX in relative terms and should spark further strength in this sector in the days ahead-  Today's minor weakness in Oil won't affect this much at all-  For those looking for shorts..  would still steer towards RL, FOSL, BBBY, RT, KORS, JWN, HOG, LC,  DWRE, ROVI, CROX, KODK-

crude still showing very good strength, and any pullback early Monday should be used to buy