Pretty decent gains today and on some good volume so add another tick to the “crazy” side of the market. If you look at the $SPX on an intra-day basis you can see that we didn’t quite make back 50% of the losses from Monday’s sell-off. Keep an eye on that level ($852.15) tomorrow to
Bulls Having Trouble
$GE is being largely blamed for the downside movement today in the equities market as it was hit with a negative ratings outlook. The stock itself lost about 8% with greater than average volume today. The major indices all closed lower with the Dow losing nearly 2.5% followed by the S&P 500 with a 2%