Bond yield continue to drop and equity continued the late bounce back pattern. We have key earnings from WFC and JPM before the open tomorrow. While we are down 6 days in a row, we are one good down day away from turning the intermediate trend down. The uncertain world economy and earnings forecasts next week are keeping buyers contained and the late bounces are sucking energy away from potential bounces. We are still oversold and some kind of rallies are probably on the horizon.
