We have a baby doctor appointment in the morning and then I have a lunch date with a heavy drinker who will no doubt ply me with a steady stream of freshly pulled pints. So I'm going to be late getting the Unusual Suspects up and the Freebie play will likely not get posted in an accurate or timely way (it depends on how quickly my double vision clears up).

This is the Press Release from Redwood Trust that Wally Weitz recommended reading on the conference call I linked to yesterday.

The coil scanner picked up SLB. Schlumberger recently tested above $65 again (possible Test of Top) and has come in a bit and made a little coil. Keep your eye on it.

SLB, 15-min. Chart

You can see how the fuzzy logic is relevant on every time frame. The hourly buy for Crude last signaled on July 1. Interestingly, there hasn't been even one reversal bar for about six weeks: that's rare!

Light, Sweet Crude futures, Hourly Chart

Schwab's Strategy: Buy High, Sell Low?, by Justin Hibbard:

It seems foolish to me for Schwab to sell their Capital Markets division... the order flow is a stream of gold if they only knew how to work it.

Schwab's corporate services enjoys record first half, by Mark Calvey:

Morgan Stanley initiates coverage of Ameritrade at "Overweight" with a target price of $14.

Jefferies & Co. initiates coverage of TradeStation with a "Buy" rating and a target price of $7.

Mr. Sun! speculates about When Alan Met Andrea.