Crude Oil futures, which were much higher earlier in this week, fell to lows following the weekly inventory data at 10:30 a.m. ET. Oil inventories were 2.84 million barrels last week.
With the relative weakness in the stock market, we see the growth retail stocks such as LULU, NIKE, AND UA ALL raging higher today. Strong stocks get stronger and weak stocks such as RIMM down 5% and CHK down 13.7% today. The movement in the Mini S&P 500 Futures have been small and tight, maybe waiting for the breakout later this week.
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