The market is enjoying its best –day gains since the beginning of the year as all of the major averages are showing strong gains. We mentioned last week the suit-and-ties that decided to take an extended vacation could miss another ride to the upside and today’s start has them wanting to get back to work.
The super Tuesday is continuing as the indexes are showing strong gains of 1+% and have cleared near-term resistance following last week’s pullback. There is a lot of rotation going on and the risk-on trade seems to be back in play following the worries over the Fed tapering but as you can see those fears have quickly vanished as investors play catch-up
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