ALL SHE WROTE

The markets rallied significantly off the lows of the day but did not make much progress. The SP 500 closes +2.6 after being down about 8 points at the lows of the day. The NAZDAQ closed -1 and the all important DJIA closed +25. The market internals closed with about 100 more red than green and most major market sectors closed unchanged. Bob Pisani on CNBC going on about the rally in stocks being attributed to "a rally" in the bond market. My data provider show the 10 year at unchanged. The Volatility Sisters closed a bit in the red but still overbought. Hopefully the rally will accelerate tomorrow.