Memorial Holiday

The market produced a gain today as oil prices reversed and traders look forward to the holiday weekend.

While the market was positive, there was some significant selling out there including in many momentum leaders of late. The good news is that the market is still holding within its trading range and, if it continues to do so tomorrow, we're setting up for a rally next week providing that oil prices don't make another leap higher.

Trading will be light tomorrow (probably the lightest of the year so far) as people take some extra time for the Memorial holiday.

I hope you have a nice long weekend. See you on Tuesday!