Daily Market Commentary: Buyers Rally
It was a rough day with a big gap up, followed by a rapid sell off, then a nearly as quick recovery, before markets drifted lower. But by the end, bulls had done enough to suggest higher prices are in the works. Large Caps remain the indices best positioned to benefit over the long term, with the Nasdaq and Russell 2000 offering day traders the best opportunity to benefit based on intraday volatility. The S&P is nicely positioned to challenge the April peak. It's also regaining some of the ground it had lost against the Russell 2000 during the April bounce.