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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 ...

This week started with a gap down in stock indices and continued selling intraday until it produced the worst day for equities in months. It seemed reasonable that fear had given the bears the advantage; but surprisingly Monday's sell-off turned into a buying opportunity. The rest of the week stocks rose erasing most of the damage done Monday. By close on Friday the TSP stock funds were mixed; the I-fund produced gains while the C and S-fund kept losses for the week with the S-fund lagging more ...

Saturday's Preakness race horses can only hope they shoot out of the staring gate as quickly as stocks did at yesterday's opening bell. The quick rally took many by surprise, particularly the bears who were looking for the 50-day EMA to hold the recent rally back. There was a meaningful decline in afternoon trading that took the indices well off their highs, but they all closed with solid gains. The Dow added 215-points on the day and we saw gains of 0.80% or more across many of the major indices. ...