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Oil inventories 1.1M (1.6M exp); gasoline -2.5M (-2.4M exp). Oil holding flat (58.11, +0.18) as numbers basically in line. As for indices, they started higher, turned negative, tapped at (did not hit) the early March lows, & that bounced them back to positive though approaching early session highs. NASD +0.38%, SP500 0.36%, SOX -0.24%, SP600 -0.35%. Initial test has held & delivered a bounce similar to what market did in summer 2006. Indices stalling some at early morning high. Will see how much mileage it gets out of this & if we get a stall look at some more downside & buttoning up some upside positions.
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