From the Trading Desk

Dow Leads; Stocks Bounce

A big thanks to MMM and CAT giving a huge boost to the Dow Jones Industrial Average. Volume was up across the board. Late day selling did blemish the day, but the market was able to at least hang onto gains. Biotechs were able to bounce well off their lows. Buyers stepped in when it appeared sellers were going to ravage the group. Not a bad session by any stretch of the imagination. The NASDAQ will need to continue to avoid distribution.

We are going to cut this free commentary short. Maui experienced a power outage and has curtailed some operations. We appreciate the understanding. Market is solid.

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