Stocks Want to Move Higher But Europe Is Keeping A Lid On the Rally


Yesterday, stocks reversed the losses from Monday and they continued to push higher throughout the day. Earnings releases after the close from Apple and Intel provided a bid. The market is very volatile and at a moment’s notice, it could swing either way. A major development yesterday came from financial stocks. They had been declining after earnings releases and they reversed sharply during the day. This provided a foundation for the rest of the market. Banks are still fundamentally weak, but they are overdue for a bounce. As long as they can hold their own, the rest of the market can …

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