Small Consolation For The Bears
Today looked like it could be the day for a significant pullback, but once again the market rallied into the close. It didn't make it all the way back to positive territory, but did erase more than half of its midday losses, basically snatching victory from jaws of the bears.
Volume ran lower than yesterday's session, which is good to see. And new lows on the NYSE were a paltry 16. Most sectors were mixed, even as the major indexes were all down.
But it was a solid week overall. Growth stocks outperformed again, with the Russell 1000 growth +1.4% for the week, and the Nasdaq 100 gaining +1.9%.
I'll have more on the weekly wrap tomorrow. For now, I'm off to an exciting Motocross event to see Jeremy McGrath and the boys.