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Originally Posted by coolhand

So, maybe the Friday rally was a head fake? Monday's open was less than inspiring and it got worse in afternoon trading as both the S&P and DWCPF were beaten back for sharp losses on the day.




The pullback did not do a whole lot of damage to the S&P chart, but it did push price back into the upper end of the S&P's recent trading range. Momentum dipped. The DWCPF failed to hold its 50 dma and closed at

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After a very disappointing jobs report, the market did something that may have surprised a lot of people - it rallied. And it rallied big. The Dow gained 229-points, and other than a partial fade from the Nasdaq, most of the indices held onto their morning gains and we saw new highs in several indices. Bonds closed flat after a strong open. The dollar tanked helping the I-fund, and the S-fund led with the threat of rate hikes easing.

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