Tuesday Market Wrap

{+++} The bears took out the ugly stick on the market today, but the 1791 level held and the market did rally back around eight handles with a rally that started around 2:30.

Although the Dow broke the 20 day moving average today it did manage to take it back and close above it before the close.

Here were some big dollar gainers today

Here were some big dollar losers today

The remaining piece of BIIB stopped out today for a gain of 53 bucks.

I still think we will see a rip to all time highs by year end and I think this give back is normal as the market just works off some over bought conditions.

Please remember to check the P&L for any stop adjustments.

See you in the morning.


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