Oil Mixed on Friday...Stocks Lower After Dell Earnings

1:10 ET DJIA -129...SPX -12...Nasdaq -39...RUT -7...SOX -9...Oil -$0.13 We're back from our nations capital where Dave spent the last two days teaching more than 200 hundreds traders technical analyis and how to improve their trading decision making process. Markets are lower about an hour before the close, they are above their lows of the day. Dell reported lower than expected earnings Thursday after the close. That seemed to set the tone for tech stocks as DELL is down over 12% at this time. DELL along with AAPL, RIMM, QCOM, ORCL, GOOG, INTC, MSFT and CSCO are leading the Nasdaq lower today. Higher oil prices also factor in lower stocks prices today. Oil has retreated from it highs of the day. Keep in mind that the macro-factors for oil are still down, but weather concerns over tropical storm Gustav and its potential to disrupt oil supplies acts as a catalyst to price jumping up in the short-term. If Gustav fails to interupt oil supplies, expect macro-factors to have a downward impact on oil prices. Friday's Action Moving Up: DECK, X, IPI, GS, CF, LDK, MS, MOS, AGU, MER Moving Down: RIMM, AAPL, PCLN, STRA, IBM, AMZN, BIDU, SOHU, BUCY, MON, POT, BTU, PNRA, BRCM, SNDK, NIHD, FWLT, FNM, GRMN, FSLR