It's Just a Bounce
It probably helped this morning that the market gapped down aggressively since mildly positive opens have been sold recently. Traders are always more likely to move counter to the opening print and a good-sized gap down was a signal to buy for a bounce.
Unsurprisingly, the bulls are pushing much harder for a bounce today. The market has been oversold for a while but the patterns have favored fading of early strength, which has kept the bounce buyers at bay. They finally have a chance to gain a little traction and they even have the mighty Apple (AAPL) in the green for a change....143 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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