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Originally Posted by coolhand

The bears had their way for the morning session, but the bulls got back in the game in the afternoon to close out the day with moderate gains.




It remains a mixed picture with price on the DWCPF still under the 50 dma and above that key average on the S&P. Momentum has yet to turn back up. Volume has been average. Since the market turned today, it may be ready for the upswing. We'll have to see.

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Stocks once again fell apart in the afternoon trading session, after a very strong morning. The Dow only lost 3-points but it gave up a 360-point earlier gain, and the Russell 2000 small caps were up 1.6% at their highs, only to close down 2.6% so someone opened up the selling spigots. The Nasdaq was on a risk off day as well. Yields fell and growth is supposed to bounce back in that case, right? That's what we've seen lately, anyway.

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