April 16, 2011 at 14:13 PM EDT
Narrowly Mixed To Close The Week
The stock market indices ended the week narrowly mixed, but had some swings in between. The day started out with a big gap down. They moved down sharply, tested key support, held, and then bounced sharply. They narrowed to mid-day to reach their highs for the day at new snapback highs at 1323 on the S&P 500 and 2317 on the Nasdaq 100. In the afternoon they had a 3-wave decline that pulled them back down to take back about half the gains, but then snapped back in the last 10 minutes to bolster the closing figures. [More...]
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