STTG Market Recap August 13, 2014

Indexes gapped up at the open, rallied a bit more mid morning, and stayed steady the rest of the session. The S&P 500 gained 0.67% and the NASDAQ 1.02%. This marks the third significant up day out of four from last Thursday’s extreme oversold conditions. We shall soon see if this is another “V shaped” bounce as we saw throughout 2013, where the market broke down for a quick correction…

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