Despite a very strong opening and an early rally that tested the 2010 highs on the Nasdaq 100, the stock market indices sold off sharply, bounced around and did rally late in the day, but ended mixed on the day.
Overnight volatility and indecision is commonplace during earnings season. When combined with the current situation of investors and traders still trying to assess the true effect of last Friday's Goldman Sachs news, the environment seems pretty ripe for continued high volatility.
The stock market indices started out with a pop from the get-go with strong futures, then rolled over hard early on, held support, and rallied sharply to new snapback rally highs.
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