I hope it isn’t true, as many conspiracy buffs suggest, that either the Fed or Treasury is in the market buying/supporting stocks. If that ever were the case free markets would cease to exist. There are plenty of others with vested interests to keep markets propped. Today, there was another “stick save” into the close.

Volume was a little above average while breadth was decidedly negative.































































































There are powerful forces [financial media, mutual fund and RIA portfolio managers, trading desks and perhaps some others that will go nameless] arrayed against bears. I mean think about it. When was the last time you heard a CNBC/Fox/Bloomberg host ask a guest, “Give us your top short picks.”? The headline on MarketWatch at this hour reads: “March Starts with Sadness”. Need I say more?

You’ll see more of these “stick save” attempts as we proceed to whatever the ultimate outcome will be. Logic states we’re in a heap of trouble but then markets build this stuff into prices, right?

It’s only Monday and there will be plenty of economic news not to mention the unexpected for bulls/bears to chew on.

Let’s see what happens.

Have a pleasant evening.