Lower crude oil prices following yesterday's EIA inventory report, coupled with good earnings from JP Morgan Chase, United Technologies, Black Rock, and Coca-Cola have helped to fuel a rapid rise in the stock market index futures this morning. Good economic news!Crude oil at $132 is a key support level, and I am watching it closely. Following yesterday's surprise build in inventory, if crude oil supplies continue to build on the back of demand destruction, sending crude oil prices even lower, stocks show good reason to rally even higher.
