Even down days feel like up days.  The bears had a very good sell-the-news setup, an extended market, and a disappointing jobs report, but all they could manage was a half day of selling.  Oil was up, even though the dollar continued to rally. Banks were the weak spot after a negative court ruling on mortgage securitization.  But once banks stabilized, the POMO money went to work. Two squeezes a day keeps the bears in their cave. After 6 straight up weeks, I have to wonder if the bulls are pushing their luck a bit, but cool indicators from Market Rewind are saying we may have a brief bounce on Monday along with another large POMO.
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