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Originally Posted by coolhand

The bears could not keep it going after yesterday's moderate sell-off as the bulls got back about half of Tuesday's losses.

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There isn't much to say about the charts. Price continues to meander up and down, though it does seem to be biased higher at a very slow rate. Resistance is not far above. The 50 dma continues to rise and is about even with the 200 dma on the S&P.

Breadth ticked

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Stocks finally took a breather after the recent 5-day pre / post holiday rally, but what looked like a minor dip early on, turned into more of a Turnaround Thursday, and the indices gave back a good chunk of Monday's gains. The Dow lost 397-points and was one of the biggest percentage losers while the Nasdaq held up with a loss less than 1%, but it gave up a near 1% gain from earlier in the day, so it was quite a negative turnaround.

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