THE CLOSE

Good rebound off the 50 day average for dow,s&p,nasdaq and many names that are inside the indices. As long as yesterday’s and today’s support holds, we should be fine. We will give the market the benefit of the doubt until otherwise. Financials did the trick as they have led up and led down.  Worst areas were best today as energy, commodities and others came off the floor. Just know that internals have gone south so fewer and fewer names and areas are now leading. Something to watch. We remain in the end-of-quarter window dressing period which of course is illegal so does not happen.