With the increased violence resulting from the Israel-Hamas conflict, oil rose by $2. It was reported that Americans are paying $1 billion less a day(yes that's per DAY) for gasoline compared to what they were paying this past summer. That's over $365 billion a year... about twice the benefit provided by the stimulus checks sent to tax payers earlier this year. Factor in savings for jet fuel and other transportation areas like trucking, as well as for input costs in the chemical industry and many others, and the savings is enormous. I recently filled my little topless automobile up the other day and had thought the pump clicked off before the tank was full, I had only put $16 dollars in the tank. This past summer it was costing me over $40 dollars to get a full tank. At this rate I might can afford to get me top for my car as we are experiencing some freezing temperatures. The recent holiday action can frustrating if attempting to trade. Technical's to work well needs market participation. With many traders more than happy to put 2008 behind them, we are likely not to see much participation until the new year arrives. We did have yet another late-day bounce after some selling all morning. The selling action was quick while breadth was better than 2 to 1 negative. There was a lot of poor action on thin trading and then about mid-day the market went to sleepy town, only to awaken a bit to have a nice afternoon bounce. Be careful trying to trade this thinly traded market as prices become much more random and can be pushed around with very little effort.We continue to have no leadership in this market and buyers have yet to have any conviction to bid up for their purchases. We did have a bit of a false side break down that got rejected, we'll see if buyers can follow the afternoon action up tomorrow with some buying power. Overall market breadth has held up strong over the past few weeks, but we need to see upward progress. I continue to watch the 850 levels closely for support or false side breakdowns.