After Friday's down action, the Asian markets and European markets were down coming in to today morning. In the pre market indexes were down and many were worried about follow through selling, but the indexes spent the day recovering and ended in positive territory. Volume was light.
The leading stocks recovered from Friday's losses. Housing stocks were up ahead of the earnings season start for the group. Gold stocks dominated the downside action.
The McClellan Summation Index needs to turn up, in last few days it has turned down.