It’s been volatile but the stock market after opening in line with yesterday’s drop rallied nicely. Several of the last few days have had drop or pops as the 5 day chart to the left shows. The market so far is only slightly higher than it was yesterday but that’s OK. A pause to allow a higher market is one way of working off an overbought situation like we have now.
Economic reports on jobless claims, housing starts and factory activity were all mildly postive today.