I dare not even think the words "dead cat bounce" with you-know-who in the room. But the fact remains that 2 of the market leaders, AAPL and PCLN, were unable to finish the day green. And the SP500 was unable to hold above 1370 which is both the 50 day moving average and the 2011 high.The Nazz Composite and Nazz 100 are both above the 50 day average still, but those indices were quite extended because of AAPL and PCLN. The lack of bounce in the 2 leaders does not bode well.
Tomorrow brings the first "tech" earnings report from GOOG after the close, and Friday morning we hear from both JPM and WFC in the banking sector. For now, the bulls and bears can both say "The fat lady hasn't sung yet." Now, where's my pizza?