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Stocks moved higher on Thursday after a couple of very strong economic reports were released - initial jobless clams and retail sales. However the futures were rallying most of the night before so there must have been something more to it. The Dow gained 305-points and while the rally was fairly broad across many indices, internally it was suspect. Small caps battled back from some early losses to follow through on Wednesday's relative strength. Bonds had an interesting rally with yields dropping

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It was another rotational day for stocks yesterday as the indices were mixed yet again. We saw early gains fade and some indices did well while others suffered. The Dow gained 54-points, which was almost 200-points off the highs, and the Nasdaq lost 1% (1.3% on the Naz 100.) On the other hand the small caps of the Russell 2000 rebounded after a week or so of pulling back.

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Stocks opened lower yesterday after the FDA announced that it is pausing the Johnson & Johnson COVID vaccine, but as the day wore on the news of benign inflation Consumer Price report came out and helped push prices higher. The Dow lost 68-points but the broader indices performed quite well, although a late dip took them off their highs.

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Both the bulls and the bears took shots at the indices yesterday, and by the bell both were left standing in basically a draw, but the bears may have landed a few more punches as we saw a little more red than green. The Dow lost 55-points while the S&P 500 and small caps were flat. Bonds were flat as well. The Nasdaq lagged with a modest loss.

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Another quiet day turned into a charging bull by the end of the day as the indices rallied hard into the closing bell on Friday. We saw slight gains in the Dow and S&P for most of the day, while the Nasdaq and small caps spent most of the day in negative territory - until those final 30 minutes of trading. The Dow ended the day up 297-points, and while most of the indices were green, as you'll see below, the early negative pressure had the breadth mostly negative on

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