Doesn’t it get a little tiresome as oil producers drop more hints about an oil production freeze? It does for me.

This time it was a hint from Iraq they’d be willing to discuss a freeze with their OPEC partners.

That said oil prices rallied pushing stocks once again higher to reattach one with the other. It gets boring after a while that bulls would get sucked in to this BS.

Nevertheless, markets caught a bid and rallied to erase losses but left markets mostly flat on the day.

Following on crummy earnings from Macy’s (M) yesterday, Nordstrom’s (JWN) reported earnings weak after the close slamming the stock over 16%. What did investors expect?

Of perhaps greater importance was the break of critical support for Apple (AAPL) with stock below $92. After all the stock remains a heavyweight in the tech sector.

Overall market sectors were closed mixed.

 Below is the heat map from Finviz reflecting those ETF market sectors moving higher (green) and falling (red). Dependent on the day (green) may mean leveraged inverse or leveraged short (red). 

Meanwhile in Caracas today below is the picture of a not so satisfied socialist republic with people killing animals for food today. When will they ever learn?

Volume increased slightly and breadth per the WSJ was negative. If you look below at Money Flow, you’ll note some serious outflows.

Chart Of The Day

Oil price manipulation with the same old BS shouldn’t impress but desperate bulls and algos are hard to discourage.

I’m trying hard not to write Monday’s and Friday’s but something tells me Friday could be one I can’t avoid.

Let’s see what happens.