For the first time in 5 weeks the markets closed positive on a weekly basis. The markets found some upside follow early in the day but gave those gains up in afternoon selling. Traders simply do not want to be long this market overnight, much less a weekend. Oil jumped back above 70 dollars after dipping below 70 yesterday. Only 3 months ago oil was making historic all time highs. It has since dropped near 50% of its value.