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

($SPX)

via StockCharts.com

Same with the Dow

($INDU)

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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