Minyanville's T3 Daily Recap: Market Completes Comeback from Early-Week Selling, Traders Eye Jobs Report
Posted on March 08, 2012 at 17:10 PM EST
The market continued its comeback from the early-week sell-off with the S&P (SPY) climbing back above its 10-day moving average. The Nasdaq (^IXIC) was the strongest index today gaining 1.18% while the S&P surged a shade under 1%. Stocks pulled off slightly in the last half hour of trading still Thursday can be considered another victory for the bulls. The indices were put to the test by the year's heaviest selling on Monday and Tuesday but have once again shown impressive resilience by bouncing off the 25% retracement zone. The never-ending Greek drama was a catalyst for the drop ...
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