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

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.

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.

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

I just think we can't seem to get out of that range we're in. We're in a seasonally difficult time of the year. All the good news is in the market ... it needs a new catalyst.