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Originally Posted by coolhand

The bears got an early jump on the bulls again today, taking price lower at the open, but the bulls didn't wait long to bottom out the selling pressure and slowly push price higher.




By the end of the day, the S&P 500 had erased all losses (on the day) and actually closed modestly positive. The DWCPF came close to doing the same thing, but closed moderately lower. Both indexes show price coming near the

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We are still seeing an interesting game of chasing the hot sectors / stocks, and running from the cold, and much of that is based on what we're seeing in bonds, which were pounded again as yields moved higher. The Dow managed to post a gain yesterday while the Nasdaq imploded and lost 2.5%. The S&P 500 was down sharply (-.77%), but those volatility small caps in our S-fund took a beating (-1.73%), yet the small caps of the Russell 2000 was down just 0.65%.

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