Between Texas Instruments, the rise in oil prices, and commodities, we got hit today. But the decline wasn't terrible. Last week we had nice gains, and today, we're kind of consolidating.

The oil issue is continuing. It has a huge effect on market sentiment and on consumer spending.

I think it's interesting that on a day when crude oil closes over $50 a barrel for the first time, the market is flying.

I don't see that there's any motivation to move higher. The concerns about interest rates, oil prices and Iraq aren't going away. I think we're going to stay in a volatile range. The best we can hope for is the market to move sideways for a while.

Today is very news driven. You've got GE, you've got HPQ, and the economic reports were a little better. It's the tech stocks that are leading the way. You're seeing a rotation out of the consumer stocks and into the techs.

I think we'll consolidate around these levels, maybe pull back a bit next week, but nothing much.