Monday, June 8, 2009

Market wrap - 4:10PM

What a rally! Incredible, but then again, we've seen this before. Dow 8,764.57 +1.44 (0.02%) S&P 500 939.12 -0.97 (-0.10%) Nasdaq 1,842.40 -7.02 (-0.38%) Gold 953 -10 -1.05% Oil 68.65 -0.35 -0.51% Today's action by sector: Led by the financials - who would have guessed it? Today's heatmap:
The market opened down today, then proceeded to go down most of the day. About 12:30 was the low of the day. At that time, the market trended upward, but not a solid or very bullish type run. Volume was on pace to be the lowest of the year. Until about 2:30 - then we had liftoff. We've seen this before so I guess we shouldn't be surprised. Here is today's action in the S&P 500.

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