April 16, 2024

Today the quiet before the storm?

Index & Sector performance 10/31/13 The Market: Second straight down day for the S&P 500.  The day was slightly more active than the closing prices might suggest as a very early up open was quickly sold down to the 1756 levels where the market bottomed around 10:30am EST and then rallied to 1768 by 2:30 pm EST.  What took almost all day to gain was then lost in that last hour of trading with the S&P closing back near the earlier lows for the day at 1756.  What needs to be seen is if this relatively quiet day is the…