It's nothing more than a psychological spot; it's like 10,000 on the Dow. In reality, the markets themselves don't see anything special about that $50 level.

We want to see whether or not the following months follow on up out of here after September gets out of the way. We could be looking at the highs right now.

It's like predicting the market. You like to see someone else's analysis of what might happen.

It's another earnings week ... so we'll see how the companies fare and decide from there whether you're going to be a buyer or not.

There's a little apprehension here about the price of crude oil and how that's going to affect us. Even though we're off a bit, it's still $74 oil. I think that's a negative factor in the market though gasoline is really the issue.

Silver was stretched out pretty good here.