Case Shiller falls 0.5% in June, down 15.9% from year ago

The rate of the slide in the Case Shiller index slowed in June, falling 0.5% versus 0.9% in May, but the index itself fell to a record low, down 15.9% versus year ago levels.

Stops above 1.4630 have been triggered in the wake of the data and oil prices are now up a buck after being down nearly $2 earlier. Look for resistance in the 14670 area.