Scary Dive!

Markets opened with a dive which looks like some bulls capitulated. Scary! But after about 90 minutes, the long upward trek began and all the indexes closed in the green. I guess that TRIN thing works.

Volume was up…finally…but strange for a hot August day. It also looks like everyone is using their MasterCards. MA had blowout earnings.

On the flip side, condolences to DNDN bulls. It dropped 60+% afterhours on a lousy report.

Congress goes on vacation until after Labor Day…so you would think that should rev up the market. But be on the look out for Jobless Claims on Thursday and Employment Report on Friday.

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