|
|
|
Very good recovery as Greenspan continues the Q&A. SOX (0.6%), SP600 (0.5%) have cracked positive. NASD & SP500 (-0.2%) just off session highs. Given INTC (-1.57), SOX action is solid. Volume rising on NASD, same pace as Tues on NYSE; with market recovering to positive that is a solid sign if it & rebound can hold. A/D is positive (1.1:1 NYSE, +46 NASD), a good indication of the recovery thus far. SP500 rallied back up to 1229ish in past 40 mins & is testing that move; if it can clear 1230 on close that would be an accomplishment given obstacles today. Oil down 1.11 (56.35). In sum, showing some guts in face of adversity. Being patient & letting stocks show some strength to open new positions.
|
|
