Monday, September 26, 2011

Market flies into the close...

The market shoots higher on reports that European Officials are working on a plan to help solve the European debt crisis.  Toward the close just about every group joined the party.

Dow +272
Nas +33
S&P +26

Oils and Banks had a big afternoon rally, and tech, which was down most of the day, closed positive.  Not sure what to take out of this, but the rally looks like a short covering rally more than anything else.

Tomorrow's action will be key.

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