The market stayed in the green throughout the morning. It started to fade in the afternoon and hit bottom going into the last hour of trading. In the last 40 minutes of trading, the market reversed and rally back up near the high of the day with fairly descent volume. Is this a short covering rally or the end of the recent pull back? Once again, we will wait for the market to inform us by watching its price actions.
In this video, a look at the market index and its ETFs along with a brief update on FB & TWTR.
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Disclosure: Long SPY PUT & IWM PUT.
