Daily Market Commentary: Tetchy Friday
Ukrainian fears (mis-information) knocked Friday's morning rally before markets staged a recovery by the close. Sellers are likely to remain trigger happy but bulls have been willing to snap up these sell offs. Volume climbed to register distribution in non-Tech indices, but the August bounce from swing lows remain intact. The S&P closed between the 20-day and 50-day MAs, but with a bullish cross in stochastics and a new MACD trigger 'buy'.