- S&P up 3.77%
- Dow Jones 30 up 3.55%
- Nasdaq Composite up 3.98%
- Russell 2000 up 4.64%
- NYSE composite up 3.61%
- Breakout ratio 1161/121
The Fed action sparked a ferocious rally in a oversold market. As noted yesterday, the Market Monitor and T2108 readings were reaching extreme levels and a reflex bounce was a distinct possibility. Only thing is such bounce from more extreme readings on Market Monitor would have been preferable. more
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