The Most Important Crude Oil Inventory Report of Our Lifetime

That may be stretching it, of course. But there is little doubt that the crude oil divergence is becoming more glaring by the way, as the USO ETF, below on the daily, looks to close below the key $10.80 level again.

Russia an some oil stocks are now finally reacting to Black Gold being red. So I suspect tomorrow morning's inventory report could tip the scales one way or the other, and likely carries more weight for equities than, say, NFLX's earnings. 

To my eye, crude oil and biotech stocks may hold the short-term keys as to whether bulls immediately reassure themselves for another surprise lurch higher in stocks, or instead if the indices cool off some more as the Dollar rallies.