Yes in deed, those of you who don't believe in trend lines aren't paying attention. Once again 1265 on the S&P and 11,350 on the Dow saved the day. Even with oil on fire to the upside, the market hung on by the skin of it's trend line. However, the high beta Russell was hit harder as was the NASDAQ. Also, volume was light and the internals of advancing volume to declining volume and advancing issues to declining issues was very bearish in my opinion. It was not an impressive day except for the fact the big cap index held that line and actually finished positive. My post last night says it all so I won't repeat it. Nothing's changed except oil showed some strength on what is probably short covering. The real test for oil will be dead ahead. I do expect the oil rally to fail at some point. I'll address that in another post. So the story's the same tonight, but tomorrow's another day.