One thing to note is that the market as a whole is not longer as largely influenced by oil as it was a few months back. But if oil falls back down close to the lows, it'll cause from panic again and investors will start to play by its rules again.
Right now things are a little sideways. We recently had a nice pop up to new highs, and now it's kind of lulling over. I think we will continue higher but it could take a little to break out of this basing period, especially with oil in the gutter. But overall earnings have been pretty positive and I think it should provide the steam needed to continue upwards. Short-term looks pretty slow though. After earnings season is out of the way we'll probably see a pickup again.
