While the Dow has caught up to the new found strength we observed late last week in the S&P and Nasdaq, and is up some 60 points today, I see considerable price weakness in the energy sector. My feeling is that further weakness in the oils will pull down the broad market, which should start to roll over within a couple days.

10101010 Oil & Gas Drilling Drilling contractors or owners of drilling rigs that contract their services for drilling wells.

10101020 Oil & Gas Equipment & Services Equipment manufacturers, including drilling rigs and equipment, and providers of supplies and services to companies that drill, evaluate and complete oil & gas wells.

10102010 Integrated Oil & Gas Integrated oil companies engaged in the exploration & production of oil and gas, as well as at least one other significant activity in either refining, marketing and transportation, or chemicals.

10102010 additional list.

10102020 Oil & Gas Exploration & Production Companies engaged in the exploration and production of oil and gas not classified elsewhere.

10102020 additional list.

10102030 Oil & Gas Refining & Marketing Companies engaged in the refining and marketing of oil, gas and/or refined products not classified in the Integrated Oil & Gas or Independent Power Producers & Energy Traders Sub-Industries.

10102040 Oil & Gas Storage & Transport Companies in storage and/or transportation of oil, gas and/or refined products. Includes diversified midstream natural gas companies facing competitive markets, oil and refined product pipelines, coal slurry pipelines and oil & gas shipping companies.

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p.s., Maybe you can tell that my idol Andrea Bocelli is in town for a concert at the AC Centre tonight. I was fortunate to watch him in concert in Ottawa at the Corel Centre from the arena builder's skybox. Is there a better entertainer in the world?