Late last week, I was actually starting to become bullish,thinking new long plays might start to appear.  After Friday's reversal I'm not so sure.  Even worse, is the failure of "Top Kill" hit me right in the gut.  I can't say why exactly, but I sense a pall over the market as the "no fix until August" news casts a notable pall on any optimism.  The technical seem to agree, so we'll keep an eye out for further developments.  For now, cash remains the most profitable place to be.