Day Summary

Markets are trying to find a footing now for past two days but volume is missing on the upmove. S&P bounced of 1335 and gave us a nice 35 point rally since then a sI mentioned in may last weeks post. Now we have worked off extreme oversold conditions so there could be a potential for some more selling and lack of volume is supporting the downwrd pressure. Oil had a very sharp reversal today and looks heavy on top we may see some decline in very short term.