About That Friday Bounce

The U.S. stock market roared back to life on Friday. After a dismal trading day on Thursday, stocks opened the Friday session in a choppy sideways pattern between 1968 and 1975 on the S&P 500 Index through much of the trading day. Then suddenly, like so many times before in the post-crisis period, stocks suddenly awoke around 1PM and rallied for the next two hours before settling into the close. Does this mean that the market has finally shaken off its recent blues and is poised to make its next bold move higher? Hardly.

Please click on the link to read more of my article on Seeking Alpha.

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