Stocks rally on lower oil
Posted in Crude Oil, Daily Comment on Jul 8th, 2008
Stock indexes rallied nicely today. This is so far a counter-trend move. This was coming off an over-sold condition with some short-term momentum divergences. The Nasdaq was a bit stronger. The drop in crude oil seemed to be the excuse for the rally. Negative sentiment toward stocks was a bit too thick, as well. Volume [...]