Markets rejoiced today, almost believing in the “Mutual Fund Mondays” we used to be accustomed to. Both the Nasdaq and S&P 500 advanced 2%. Volume was not encouraging however. The S&P 500 retook its 200 day SMA in the process. The Nasdaq has now risen from Fridays intraday low more than 100 handles, a strong move indeed. AAPL has risen 60 handles in that same time span. Perhaps the capitulation we witnessed Friday is for real. I remain skeptical, but Read the Rest…

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