Daily Market Commentary: Bulls Make a Comeback
($INDU)
via StockCharts.com
For the Nasdaq the buying was not as strong but the afternoon bullish reversal was evident.
($COMPQ)
via StockCharts.com
Even returns for Small Caps suggest the 200-day MA could be regained tomorrow
($RUT)
via StockCharts.com
The recovery in the semiconductors wasn't enough to prevent a MACD trigger 'sell' but tomorrow is a big day with the recent loss of support to battle.
($SOX)
via StockCharts.com
Tuesday's doji should see some upside follow through for markets but what happens when they get to 200-day MAs will be key. Until then, trading range behavior dominates - bound by Flash-crash lows and 200-day MAs.
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