The market shook off that early weakness and really built up a head of steam late in the day. Also, volume was very heavy today, marking a notable accumulation day to coincide with nice price gains.Every sector was higher, led by homebuilders (+6.1%), retail (+4.4%), banks (+3.6%), and brokers (+3.3%).Interestingly, the ISEE Sentiment Index was low all day, and finished at the depressed level of 88. This likely means that today’s rally was met with skepticism, and that traders were quick to hedge their positions/exposure as people continue to worry ab[...]
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[Source: The Money Blogs]
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