Nothing Much Has Changed
The market started very ugly but bounced big early in the day, which set up for a little late profit-taking. It felt like the computers were in control today, and they did a particularly nice job of a straight-up run after very aggressive selling to start the day.
It is good to see a little underlying support kick in, but this market still looks quite ill. The SPDR S&P 500 (SPY) filled the gap from late June, but there's still no solid support and conditions aren't particularly oversold....118 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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