The market put together two strong up day and now we sit in short term overbought conditions. The way this market behaves in spite of more bad news and to hold its gains while the overbought situation is resolved will be meaningful. Friday the market rallied in face of the negative news and today the market rallied in face of overbought conditions in the short term. Now the market needs to show it can hold these gains. A few narrow range days just might be what the doctor ordered and then this market may can test the top of the range up near 1000. We broke thru 900 today. This does remain a bear market, but the longer time frames remain oversold and a reaction rally within the weekly/monthly charts can give this market a multi week run to the upside. Something we have not seen most all year.Here is some info on just how difficult this year has been. There are 10,002 US Stock Mutual Funds which Morningstar tracks and none are up on the year. The average performance is -43.63%. There are 2,892 Foreign Stock Mutual Funds they track and none are up on the year. None were down less than -10%, and the average performance was -50.75%.