Daily Market Commentary: Recovers Losses

A neutral day for the markets; a spate of buying in the last hour helped recover earlier losses. Volume, while high, was not greater than yesterday's - so no confirmed distribution.

The S&P is holding former rising channel support


via StockCharts.com

Same with the Dow


via StockCharts.com

For other indices there was little to add. Google's afterhours boost may be enough to see markets push higher and keep bulls buying.

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