Thursday brought in the wicked reversal move. The broader markets started the day very strong and nice and green only to see that evaporate through lunch and continue late day, then a change of tone came in late day. We saw buying (or shorts cover) to bounce us well off the lows, which beats the extreme sell offs weve had late day so far this week. Slightly green close for everyone except the NAs 100 and all on lighter volume than yesterdays, but not a bad pace throughout the day on participation. Futures had rollover and it wasnt as painful as it can be at t[...]
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[Source: The Money Blogs]
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