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Originally Posted by coolhand

The bulls turned things around today as stocks started out mixed, but began to rally by mid-morning eventually closing out the day with good gains.




I note that price on the S&P 500 came very close to testing the 50 dma before reversing. Price on the DWCPF has held its position well above its respective 50 dma.



Breadth ticked higher and remains

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It was a very choppy day for stocks on Wednesday as the indices alternated between gains and losses all day, with a familiar late sell off to end the day. The indices closed near their lows of the day although the losses were modest. The problem is that the charts are starting to deteriorate some, although they're not dead yet. The Dow lost 98-points, while small caps lagged, and bonds were down again, testing their recent lows.

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