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Stocks rallied early on Thursday but the bulls have not had the enthusiasm that we have seen in previous months. Many of them must have taken "sell in May and go away" literally. On the other hand, the bears have had opportunities to really put some pressure on but their hearts don't seem to be in it after being burned so many times since the February lows. The Dow did end in positive territory at +9-points but most indices were basically flat. The one concern out there ...

Stocks opened lower again on Wednesday, tried to rally back, but the dip buyers were swatted away quickly. The Dow ended the day down 100-points, which was about where it started the day so there wasn't too much damage during the course of the day once the morning lows were established.

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Stocks opened sharply lower on Tuesday after a weak factory order report out of China giving more ammunition to the weak global growth argument. Also, Australia dropped their interest rates adding to the concern. The Dow lost 140-points, giving up Monday's gains.

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Stocks entered the new week with a little tentativeness after Japan's Nikkei posted it's second consecutive 3% daily loss. Investors didn't wait long however. About 30 minutes into trading the buying started and we saw steady, solid gains throughout the day and into the close. The Dow ended the day up 118-points.

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The hangover from the "no change" out of the Bank of Japan rolled into Friday's action and stocks opened lower. The Dow was down about 180-points at the low on Friday, but buyers stepped up in late afternoon trading and took stocks off their lows, and the Dow ended the day down 57 or 0.32%.

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