We had a gap up this morning and later a prolonged sell off. We broke the lows of yesterday and buyer showed up to the from door.
The volume in NYSE and Nasdaq is significant and we will start the Earning Season with Alcoa. During the next days we might see an increase of movements to any of the sides thus the Earning of key stocks.
Tomorrow we will get the job data which will give us another indication of long term plays.
The volatility continue to decrease, week after week. The fear in the market is quite low. Take a look at the chart.