What a difference with only one week. Equity has another V-shaped bounce with Nasdaq going to new high. I think this bounce still has leg, but the next leg up will be much narrower. There will be some pullback this week, but any pullback will be bought, and any more meaningful upside will be sold.  I will use 2110 to 2140 as the range for S&P500 this week.

With technology stocks going up so quickly last week, it's difficult to find any better entry points at this time. If you want to chase, facebook FB is the stock I think still has plenty room to run.  I have $110-$115 as the upside target for it.   There is also some stock in my sell list, netflix and amazon has been running too high in last few months, and I will look for some opportunity to buy puts on it.

Even with equity's quick bounce last week, oil and euro has been down for the week. I think crude oil should be able to find some support around $50 at this time, and it's ready to bounce to at least middle 50's. Euro should also be able to bounce, but I don't have strong view on it.