Minyanville's T3 Daily Recap: S&P Ekes Out Gain; Has the Oversold Bounce Run Its Course?
The S&P eked out a 0.2% gain Tuesday while the Nasdaq dropped 0.5%. Bulls were unable to build on yesterday's rally most of which came over the weekend. Although we are significantly higher than Friday's close the intraday action has been extremely lackluster suggesting that there is more downside to come from here.   It was a risk-off environment today with tech stocks lagging and blue-chips like Coca-Cola (KO) (+2.3%) and Home Depot (HD) (+5.3%) leading the Dow. The banks continue to act very weak with Bank of America (BAC) (-3.24%) the weakest stock in the Dow. The troubled ...
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