A bit of fear crept in early as puts were flying, but the buyers were able to turn things around by close. Breadth was still negative but some of the momentum big caps like Apple, Netflix, Amazon, Google and Baidu managed to attract some attention. The S&P 500 and NASDAQ held above its 50-day moving average after some wild action. We remain in a tough technical position with resistance at the 1,335 to 1,340 level, but a bounce maybe on the horizon
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