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Stocks bounce back from early losses of nearly 1%, the S&P 500 now +0.1%, the Nasdaq...

Stocks bounce back from early losses of nearly 1%, the S&P 500 now +0.1%, the Nasdaq +0.5%. The small caps put in an especially impressive move, the Russell 2000 moving 2% off the lows, now +1.4%.
Comments (3)
  • Any idea why? I haven't seen any Fed news, Draghi or Merkel comments, no data...other than Apple announcing a date for a conference.
    4 Sep 2012, 02:58 PM Reply Like
  • The big guys see that support of the S&P at 1400, and just mindlessly buy just to make sure and not hit support a t 1390. That's all. It's rigged. Hedge funds are almost all behind for the year, and they are desperate to pump up the patient with steroids, stimulants, sugar, and bottled oxygen. Ride the wave and then get off quickly, like a surfer.
    4 Sep 2012, 04:00 PM Reply Like
  • I expected markets to be up again today, and reduced exposure significantly on Thursday (covered shorts). There were some good gap trades at the beginning of this session as a day trade.

     

    The story is the Russell: decent strength and difficult to short in many of the latest sessions. This is an indication to me that markets will retain some strength. I have gone long a few beaten down names.

     

    There are many new product releases in techland this month, and next, and these events may keep markets elevated.
    4 Sep 2012, 03:09 PM Reply Like
DJIA (DIA) S&P 500 (SPY)