Huge intraday rally as Volatility continues
Posted by Admin on August 12, 2015
The Market: It is not uncommon when the S&P is down 25+ points intraday for their to be a rally but to see the index trade down over 30 points and then finish the session slightly up is surprising. Even with the recent volatility, we remain within a range from, roughly, 2130 to 2050 in the S&P. We are interested to see if the Bulls can build on today’s move off the low and gap higher tomorrow. If not, we would not rule out the S&P revisiting today’s lows in the short-term. Expect the volatility to continue. Leading sectors today…
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