S&P 500 not only closed above 200 DMA.. but it is only 10 points away from 50 DMA.....
Markets were "deeply oversold" so it rallied into close despite daily BEARISH mantra from Art Cashin of UBS..who has been seeing things "which do NOT exist"
GS reports tomorrow which will be a "barn burner"...that report MAY take us to higher grounds......
Most ER will BEAT & guidance will be above consensus for a change.....
VIX closed @ 26.31 getting ready to take out the lows......
AH Nikkei UP almost 2%...
AH Futures are minor RED after strong close which is to be expected....
AH Oil is UP @ $60.10
BLOG does NOT give buy or sell.
Saleem
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