alan valdes, appreciate it. so back to you, melissa. >> all right. right now we've got about 30 minutes to go here before the close. the dow still trading down by triple digits. 140. commodities selling off today after a recent run-up, but is the pullback creating new buying opportunities? some answers when we come back. welcome to the now network. population: 49 million. right now 1.2 million people are on sprint mobile broadband. 31 are streaming a sales conference from the road. eight are wearing bathrobes. two... less. - 154 people are tracking shipments on a train. - ( train whistles ) 33 are im'ing on a ferry. and 1300 are secretly checking email... - on a vacation. - hmm? ( groans ) that's happening now. america's most dependable 3g network. bringing you the first and only wireless 4g network. sprint. the now network. deaf, hard of hearing and people with speech disabilities access www.sprintrelay.com. tdd#: 1-800-345-2550 i want everything right where i can find it. tdd#: 1-800-345-2550 anything that makes trading easier. tdd#: 1-800-345-2550

here to give us an update on stayed's market chatters is alan valdes, vice president for hilliard lyonsning us. what's everybody talking about here as we get closer to the close? >> basically, it's been a very quiet day, melissa. volume's a little over 600 million shares. oil like you just heard has been trending down. even though we love this rally week, six days into a good rally here, traders still concerned at how far can we go with this rally. that's the problem right now. i mean, you can't deny this rally's been so strong, since march, yet i've never seen such a worried bunch upstairs. >> we're only up eight points right now. we'll see if we close positive. alan, thanks so much for joining next, we'll reveal the big winner in the cash for clunkers program. [ engine powers down ] gentlemen, you booked your hotels on orbitz. well, the price went down, so you're all getting a check thanks. for the difference. except for you -- you didn't book with orbitz, so you're not getting a check. well, i think we've all learned a valuable lesson today. good day, gentlemen. thanks a lot. thank y

. >> alan valdes and gordon charlop, always a pleasure to talk to you.u. thanks very much. of course they'll be on the floor and talking to us in the next couple days as well. 30 minutes to go before the closing bell. nasdaq and the dow they're just off their lows here. the weakness is in cyclicals as well as financials. melissa? >> the market hs a big run-up since early march. up next do stocks still have room to run or are the bulls running out of steam? we're going to discuss it when we come back. these days, when you have to spend, shopping online can help save. doing it with bank of america can help save a lot more. up to 20% cash back from over 300 online retailers with our add it up program. just sign up and use your bank of america debit or credit card when you shop online. it's one of the many ways we make saving money in tough times a whole lot easier. >>> first to welcome back avis budget group to the $1 billion market cap club. the stock is up a staggering 2,600% since the trough in the market on huge volume today, double the normal, 6.5 million shares. short sq

we're live on the floor of the new york stock exchange with alan valdes from -- you never know they see days. >> you don't. >> people move around a lot. boy, this is a resilient market. >> incredible. they tried to talk it down. even though the adp number was higher than expected, it's hanging in there nicely. >> so climb on board? >> i'll tell you, if you're not on board, you have to think seriously about getting on board. this market as room to go higher. a lot of traders are looking to get in. i think downturn will be shallow. so you probably could get in and feel safe right now. >> go back to the old buy the dips strategy? >> exactly. we really are. i'm see more and more of that. even though there's nothing good about 371,000, it still shows a slowing, which is good, and that's about the only thing good you can say about it. but it is a slowing, and i'm seeing traders really concerned, maybe i did miss this, maybe i should get back in, so i'm seeing that for the first time. >> we're up almost 3,000 dow points. what part of the market looks best. >> overall you look at the whole mark

. >> thank you, alan valdes. back up stairs to melissa. >> thanks, mark.ow let's get the buzz beyond the big board. david lutz, managing director, thanks so much for joining us. what are you looking for in today's tratd? >> thank you, melissa. >> melissa, a couple of things the gentleman commented on. at 10:00 the new home sales data, the street is expected an increase in july from june. now, the last two years, the seasonably strong month has well out performed the street expectation. out performing the s&p by 400 basis points. we need that to continue. and another thing is all factored around crude oil and commodities. we have to continue to watch the dollar. the dollar is very strong this morning which is putting some weakness on some of the underlying commodities. we're going to be getting a t 10:30 the doe inventory data. last night api data came out, melissa, and, you know, street was expecting a 1.1 million barrel draw down. instead they got an increase in stockpiles of over 4 million barrels. you know, oil has been out performing the s&p. oil stock