The market rebounded to start the week as the Ukraine/ Russia threat simmered down but the bulls hit a speed bump halfway through after Fed Head, Janet Yellen, spooked the market.
The Financial stocks showed some strength and led Thursday’s recovery on hopes of the major banks passing the Federal Reserve’s stress test and they did. The indexes ended just below resistance going into Friday’s action and made a run for the hills but the bears we not ready to give up the white flag as selling pressure took over. The bears won Friday’s musical chairs but the bulls got the weekly win. (continued…)
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