NEW YORK (TheStreet) -- The market has surprisingly moved higher, despite the recent geopolitical tension. TheStreet's Debra Borchardt is with Alan Veldes of DME Securities, with the latest.

Equity markets were ugly yesterday, which sold off violently over the ever-increasing likelihood that the U.S. military would intervene in Syria.

But today, stocks are in the green -- and by a decent amount. Still, Valdes said that Chevron ( CVX) and Exxon Mobil ( XOM) have both accounted for a lot of the gains in the Dow Jones Industrial Average.

Crude oil continues to move higher, as worries over the escalating geopolitical tensions continue to cause uncertainty.

He added that stocks breaking below their 50-day and 100-day moving averages might have persuaded a lot of traders to lock in gains.

Valdes went on to say that markets will soon have the Federal Reserve to deal with and a nonfarm payrolls report to handle next Friday. Investors haven't been adding to positions, but rather just not selling, he concluded.

-- Written by Bret Kenwell in Petoskey, Mich.

Bret Kenwell currently writes, blogs and also contributes to Robert Weinstein's Weekly Options Newsletter. Focuses on short-to-intermediate-term trading opportunities that can be exposed via options. He prefers to use debit trades on momentum setups and credit trades on support/resistance setups. He also focuses on building long-term wealth by searching for consistent, quality dividend paying companies and long-term growth companies. He considers himself the surfer, not the wave, in relation to the market and himself. He has no allegiance to either the bull side or the bear side.

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