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Stocks got off to a relative slow start on Wednesday, but momentum built with the help of another big rally in small caps. By the close the Dow gained 228-point and surpassed the 27,000 level again, and the S&P 500 closed back above 3000 again for the first time since July. Trading volume was on the light side as we approach the old highs, next week's potential rate cut, and some seasonal headwinds.

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Stocks opened lower on Tuesday but trended mostly higher all day, and a late spike helped push some red indices into the green, or at least to the flat line. The Dow ended with a moderate gain of 74-points while both the S& 500 and Nasdaq were virtually flat, but well off the early lows. Small caps and the transports led again.

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Stocks opened higher but we did get some selling about when the European markets started to close yesterday. The Dow held onto a modest 38-point gain while the other indies were mixed with the S&P 500 and Nasdaq closing slightly lower, and small caps and the Transports posting gains.

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Stocks wobbled early on Friday after a weaker than expected jobs report was released before the opening bell. The dip buyers jumped in quickly, but some late selling into the close took the indices off their highs. The Dow and S&P 500 closed a solid week for stocks with modest gains, while the Nasdaq, small caps, and the Transports closed in the red.

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September begins with a win for the bulls. The August headaches seemed to slip their way into the new month but positive headlines quickly brought back optimism to the market. Job and economic data set the buying in motion but news that trade talks between the U.S. and China were to begin again in October pushed stocks up and out of trading channels and into 1% or higher gains. The volatility settled there and trading remained relatively steady through to Friday's close.

We also had ...