Despite the late day heroics of the customary end of month markups, the market largely traveled within a range all day,
It was an inside day, and bi-directional traders had a field day within the great travel range. If you know what you are looking for, the opportunities were abundant.
Many of our categories are set up as tools to provide our readers and our team with a framework to gauge the normal market gyrations.
The market is searching for a bottom, and that is not usually an orderly process. Travel ranges of 40 to 60 points offer tremendous risk reward opportunities; a year ago 20 point ranges occurred frequently.