Look for 150 minimum, open the throttle and ground the plug cables - then add a spoon of oil and repeat.
NO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Never add oil to check compression. I can take a crap engine and get it to read high if I use oil to seal the rings.
150 psi is the factory spec. You should run fine with anything over 135 psi.
How To:
Start with a cold engine.
1) remove the plugs, and ground the wires
2) install the compression tool
3) Hold the throttle open
4) crank until you see a peak reading. (normally 4 or 5 revolutions)
5) repeat for other cylinders.
NOTES:
1) You should not see more than a 10% difference in the cylinders.
2) you may want to put a rag over the other open spark plug hole, or you may get sprayed with fuel/oil.
3) Make sure your battery is fully charged.