US stocks erase big declines. Dow and S&P up on day now.

Technical Analysis

Dow swings 700 points

The US stocks have erased big declines with the S&P and Dow moving into the black. The Nasdaq did move positive but is trading down -25 points.

The Dow has seen a 700 point swing from low to high

The S&P was down at 2397 and traded up to 2482.

With year end, the volatility can be expected to continue as flows from tax selling and rebalancing portfolios (thought to be more bullish for some stocks at least) make for wild markets.

Yesterday, the 200 week MA stalled the fall in the S&P index.

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