Market Update

Yesterday’s internals were not officially 1-day oversold, but close in several aspects. Today’s rebound has thus far been typical of a 1-day oversold rebound. Averages SP-500 +0.75%, Dow +0.6% (Transports +1.45%), NASDAQ-100 +1.15%, Small Caps +1.55% While it’s still early to identify a consolidation off yesterday’s low, the extent of today’s advance fits with the…