Daily Report : It's the retracement that counts; Buying interest has been historic

Buyers have continued to follow through, pushing stocks past the threshold that stops most bear market rallies. Through 11 trading days after the low, the S&P 500 has retraced more than 40% of its decline. In the past, rallies that went past this point were sustainable. The intraday reversal was not a good reason to sell.; In the past month, stocks have seen almost half the days enjoy some sort of buying thrust. The days have been skewed with extremely heavy activity in issues rising on the day. This comes after a surge in selling pressure, witnessed only a few times in 60 years.

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