Tuesday, August 30, 2011

Market stages late rally to close higher....

Following the release of the Fed August 9 minutes, traders pushed stocks higher.  With 15 minutes left in the day the Dow was up 88 points, however program selling in the last 10 minutes brought us back toward even on the day.

Dow + 20 to 11559
Nas +14 to 2576
S&P +3 to 1212

Oil stocks rallied into the close and Gold, once again, moved higher in tandem with the broad market.  All in all not a bad day, but not exactly the breakout we were hoping for.

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