The market was able to hang on to the gains from the gap up opening this morning and even closed above the open. The Nasdaq closed clearly above its January downtrend line while the S&P 500 is just a hair over its downtrend line. I'm not seeing much that sways me into either the bull or bear camp though, so I'm content to stay in cash for now.
S&P 600 looks like a better comeback candidate right now.
S&P 600 is now already re-testing its all-time highs. The pundits waiting for the big-caps to take back leadership of this market must *really* be scratching their collective heads!