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Stocks gapped down at the open on Thursday as investors get increasingly apprehensive about a trade deal. The indices did close well off the lows so the intraday volatile swings are still around, and the Dow, down 448-points at the low, closed the day down 286. We got the normal exaggerated move in the small caps, down 1.78% (the Russell 2000 was down 2%), as well as the Nasdaq and Transports which were both down about 1.6%.

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Stocks were down on Wednesday, chopping around quite a bit during the day before settling somewhere in the middle of the day's trading range. The Dow lost 101-points while the S&P 500 and Nasdaq saw losses in the same neighborhood percentage-wise. Small caps lagged, as did the Transportation Index, and that market leader is in a bit of a technical mess right now, which isn't great news for the rest of the market.

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Stocks opened higher on Tuesday and for the first time in a while, we saw the indices just remain buoyant all day and close near the highs with the bears barely making an effort. The Dow gained 197-points while the S&P, Nasdaq, and particularly the small caps all had strong rallies grabbing back Monday's losses. Bond yields were up so bond prices came down a bit.

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Stocks gapped down to start the new week yesterday, and after a morning attempt to rally back, the indices drifted lower for most of the rest of the day, closing with moderate losses, although a late rally took them off the lows of the day. The Dow, down over 200-points at its lows, closed with a loss of 84. The S&P 500 gave up the ghost as it fell below the key 50-day moving average again.

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Friday wrapped up a wild week on Wall Street. The Dow lost a moderate 99-points on the day, but the intraday moves have been fairly wide. 99-points was the smallest move of the week after we started the week with a 617-point loss on Monday, and there two 200-point gain days in there. There were modest losses for the week in the S&P 500 (-0.69%), while the small caps wrapped up their volatile week with a sharp 1.71% loss. The I-fund had a small gain but I think there is some fair value give ...