Thursday brought on a monster recovery for the broader markets. The Nasdaq led the way to new highs and recovered all of yesterdays losses PLUS some. The S&P 500 and the Dow followed the Nasdaq up all day and recovered all of yesterdays losses. Banks, Brokers and Semi stocks were on fire throughout the day erasing the nasty drop yesterday and kicking May off with fireworks. Looking back to April 1st we had this same type of strength and action, which was followed by a lot of digestive days. Our volume on equities outpaced yesterdays leaving [...]
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[Source: The Money Blogs]
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