I thought this was supposed to be a sleepy holiday week for the market. It’s been anything but that. We had a solid follow-through on yesterday’s reversal. And it even came on increasing volume. Money is pouring into the NASDAQ. That index is right back at its 52 week high. I imagine it’ll confound everyone [...]
Posted by 1 July 2003
Nice Bounce
We got a nice snap-back rally today after an early morning sell-off on some worse than expected economic reports. The S&P 500 and Dow bounced off of their lower Bollinger Bands. All the indices, and many individual stocks made hammers today. The S&P also bounced off of the trendline that’s been support since April. So [...]
