Price of Oil Versus the Nasdaq: stockcharts.com/c-sc/sc?s=$COMPQ:XLE&p=D&yr=0&mn=6&dy=0&i=p85513668229&a=219347537&r=2200 stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=0&mn=6&dy=0&i=p11028633791&a=219347459&r=2965 stockcharts.com/c-sc/sc?s=XLE:$COMPQ&p=D&yr=0&mn=6&dy=0&i=p16257361721&a=219345585&r=8226 Longer term you can see that the high price of oil has preceded market downturns but how high is too high for the market? Check the S&P 500 on the middle chart versus the price of oil. stockcharts.com/c-sc/sc?s=$COMPQ&p=D&yr=15&mn=0&dy=0&i=p78634447256&a=219348239&r=3659 stockcharts.com/c-sc/sc?s=$WTIC&p=D&yr=15&mn=0&dy=0&i=p14399423889&a=219348194&r=2074 stockcharts.com/c-sc/sc?s=XLE&p=D&yr=15&mn=0&dy=0&i=p14209900299&a=152650058&r=6301