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Crude gains support thoughts of Energy outperforming

gm.. Tuesday showing mild losses, but largely still holding up very well in the face of increasingly more tension between US and N Korea-  MXAP the MSCI Asia Pacific index made its largest pullback since early August yesterday and most of Europe fairly mixed today.  Dollar dropping to new weekly lows vs Yen, and TNX down about .03 bps to 2.12-  Overall in Equities- Despite the near-term trend having improved in the last week in US, the risk/reward here seems poor given NDX up at the highs with counter-trend sell signals having appeared.  Key developments overnight concern WTI crude having made minor breakout this morning, and plays in to the theme of ENERGY starting to turn back higher, at least in the short-run and bounce.. Other developments such as the new hurricane will have to be monitored now that its become a CAT - 5 and headed towards US land potentially in the next 5-7 days-  Overall, selectivity is key, and ENERGY, HEALTHCARE and FINANCIALS look like the key sectors to favor in the short run.. but with a close eye on Equity indices in the event this decline starts to turn down with more acceleration-  For today 2468-9, near current levels, is today's first Pivot support.. then 2463-4, 2455. while on upside-  2474 PIVOT and resistance 2478-80-  Premkt movers in INSM, PTN, BCRX, XOMA, RST, FCEL, DRYS, FRO, RH, while on downside-  ALBO, KB, PUK, OSTK, TI, AMD, JUNO-  let me know if you have questions

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