The market continued it strong rally from Monday's lows, with the VIX yet again leading the way. Perhaps more importantly the financials are picking up some momentum. Yesterdays stress test and subsequent share buyback announcements should continue to put a bid under financials, which in turn should help keep the overall market moving higher.
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Morning Perspective
Tuesday Market Thoughts
Friday Focus: The Size of the Wick Matters
Yesterdays strong reversal off the morning lows may very well have marked a low for this market. Not a generational low. But one that could lead to higher prices into the summer. Why? Because the size of a wick matters and yesterday's price rejection offered a wonderfully sized wick at the closing bell.
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