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The pre-market futures were up solidly on Monday morning, and the stock market opened higher, but sellers stepped up at the opening bell and took the indices to their lows of the day within the first half hour of trading. Stocks stabilized but couldn't make any intraday rally stick and the Dow closed down 97-points.
The futures got a little pop higher before the open on Friday when the jobs report was announced, but it didn't last long and we saw the Dow down between 150 and 200 points for most of the day, closing down 170.50. Bonds were up.
The stock market followed up on Wednesday's rally with another big run on Thursday. The Dow gained 323-points and the gains were broad across most indices. It looks a lot like the typical "V" bottom market lows that we have seen over and over in the last few years, so is that what we should expect?
Stocks bounced back yesterday posting the first significant positive day of the new year. The Dow gained 213-points and the broader indices picked up about 1.2%.
It was another wild day for stocks on Tuesday as the bulls opened the market higher, but sellers quickly stepped in and pounded the indices into the ground. An afternoon rally had some legs, but the bears took control again in the last 30 minutes of trading. After being up about 80 early on, the Dow ended the day down 130-points.