Most of the oil stocks ran because of the OPEC news while some stocks jammed. STI opened green first and as of now, it's suffering some selling as posted in the morning on this blog.
Today is dominated by mostly oil stocks and the market may just be traded with oil related counters. Yesterday was a massacre in oil stocks and today rebounded fiercely with some even gap up? It's too dangerous to bet and chase. I rather stay out and not make this $.
Ronald K - Market Psychologist - A Stock Market Opportunist