The market is in rally mode thus far today. Will these gains hold? What can we expect for tomorrows quadruple witching?
The market has been trading in a historically narrow range so far this year. The much ballyhooed correction that has been coming since 2012, has not reared it's head. And the rally to 2,200 on the S&P has not come to fruition either. What you have left is a bunch of frustrated Bulls and Bears. So what comes next?
It was a mixed bag today as stocks rallied at the open, with some closing the day near their lows. Small caps hung tough, posting a nice gain after $IWM briefly broke through the key $120 level this morning.
Tech lagged with $QQQ down almost .6% , leading the way was $AAPL. $AAPL closed the day at its lows down almost 2%.