Silver and USO

Silver for the last two trading days has been dilly-daliying around the breakout line, crossing above and below, suffice it to say, I didn't trust the action and didn't believe the multiple pops silver made to breakout status. Today we do have a break out and I might be inclined to pick up some silver on an intraday pullback.

USO

I think we can guess who may have had a hand in this after GS's upgrade yesterday.

60 min positive divergence

As for the market, it's thus far what I thought to be the highest probability yesterday, interesting how the market's technical structure matched up very well with dovish comments from the Fed's Bullard about the not taking any steps too soon and leaving it's balance sheet intact to take a look at the economy after QE2 ends, which was taken by many QE bulls as a hint, there might be something else for you.