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Originally Posted by coolhand

The back and forth action (and volatility) continued today. Price diving into the close certainly doesn't make me bullish for Wednesday.




Not much to say about the charts. Price is in a range now between rising support and overhead resistance. I tend to think the action favors the bulls beyond the short term; mainly because it is a bull market and the bears have not been able to do more than moderate

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New month, new direction. All the fears of rising yields seemed to go by the wayside once we got into March, and the same pattern that ended January and started February manifests again to end February and start March. The Dow gained 603-points and it looked like just about every sector took advantage of the rally. Small caps (S-fund) and the Nasdaq continue to walk hand in hand, as both gained 3% on the day. Bonds also rallied.

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