Market Update

Very uneventful day. The volume is very weak and basically the broad markets are just 'floating'. No significant movement in either direction. There was some early moves in some stocks but as the day has progressed the volume dried up and there has been no pressure to keep those gains in force.

A new tropical storm has formed in the US Gulf of Mexico and that is helping to drive oil up today. And also note that the US Dollar continues to be weak.

A very uneventful day. Almost a 'quiet before the storm' type of quiet..