The major indexes are pulling back to their 50MA (a significant level of support) and we are seeing volume increase, but the averages still look like they are just correcting after prolonged moves higher.

Gold looks to have hit resistance for the fourth time and silver appears to be the chosen metal.

Oil hit $100 and looks to continue higher in the short term. As a hedge against gas prices, a long position in an oil/gas fund might be a good idea.

Here are some breakouts that look promising:

Another breakout after some consolidation for this energy company.

As a hedge against rising oil & gas prices, a position in USO could be valuable.