22-Jun

Spike Bounce back on Standby

Hello SpikeTraders,I keep a phone and an iPad on my bedside table, and if I happen to wake up at night take a quick look at the market. Today, around 4 am, the S&P was down about 60 points. The market opened at 9:30 about 45 points below Tuesday’s close. It rallied to a nearly 30 point gain by 3pm, but sagged to close five points lower. A rejected decline and a failed rally reflected an uncertain and nervous market.Let’s take a look at our charts…

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