Monday, June 18, 2007

Little Action

Not much driving the market today. Crude oil climbed to its highest levels in a year, and oil stocks have continued their advance.

Very little in the way of economic data out. Homebuilders brought out poor results, but that was to be expected.

Fairly light on volume today as well. After the past week of volatility, the change up was due.

Most commentary I'm seeing is bullish short-term.

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