Bulls Absorbing the Punches
Posted on September 20, 2012 at 12:17 PM EDT
Bulls took multiple headline jabs this morning and it feels like it could have been worse. The S&P hit a low of 1449, a touch below the 8-day moving average, and is now trying to reclaim it. SPY low of the day was $145.63, and now we are back above $146. Most traders holding multiple [...]