Consolidation mode and we cant rally unless oil stops going down, which it might not, hence todays decline. Dow tumbling 120 points, s p plungi plunging 1. 2 . All right. So with that in mind whats on tap for next week . The market moving action ahead frankly is not going to be out of earnings as you can tell from most of these in front of me its in global events and it starts sunday with chinas may industrial and retail production figures. As has been the case for ages the estimates and i was looking at all oh, my god theyre so high, way too high, 6 for industrial, more than 10 for retail. I think the prc is going to disappoint again. These numbers matter tremendously because if Industrial Production is not up nicely we will get another freak out about a worldwide slow down. Plus the chinese retail numbers are important for nike, that stock has not been acting well, starbucks, yum just okay, apple. All which have huge sales in the peoples republic. Expect some pressure in these stocks