American economy is the largest in the world, 70% of the economy is consumer oriented.  For this reason, Retail Sales x-auto carry a heavy weight in our models.  We exclude autos because auto sales are very volatile and can confuse our algorithms.

Retail Sales x-auto came at 0.3% vs. 0.2% consensus.  Prior month Retail Sales x-auto were revised to 0.0% from -0.2%.

WTI oil has broken the major support at $75.