Daily Market Commentary: Bulls & Bears Exchange Meaty Punches
After a quiet Easter week, things got a little hot under the collar for both bulls and bears. Bulls were able to throw the last punch, but the fight is not over. Yesterday saw wide range days, higher volume accumulation in Large Caps, and important defenses of moving averages. Starting with the Large Caps, the S&P and Dow both did well. The Dow edged it with a rebound from its 50-day MA and is angling for a break to new all-time highs. Technicals are net bullish.