When they gap it down on supposedly bad news and buy it up…it is good news.
When the worst areas like TRANSPORTS get defended at support, it is not bad news.
When leading growth names remain tight, it is good news.
When major support cannot be breached for major indices, that is good news.
That said, it is still a 40ish-60ish market. But gotta be happy they had a chance to do damage today and not only could not, but things were bought up. Then again, it is the end of month window dressing…which does not happen because it is illegal.
I am sure we just gap up a bit tomorrow and then sell off. (sarcasm) Expect more whippy action but we will take today as a positive.