Editor's Note

There was some positive follow through but not exciting. The +283 point open on the Dow was erased intraday although buyers did appear at the close. The continued rebound on the Russell was also positive. We should keep our fingers crossed that the gains continue the rest of the week and lift the markets back over resistance. The 1,566 level is the key point on the Russell and 2,815 on the S&P. The big cap index closed 3 points over that level so it is still in play. The Dow is a long way below the critical 26,191 level. We may have to cross our toes as well.

 

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