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Despite the sharp sell-off, this support level held and copper has been rallying off that level since then.
With Fannie Mae and Freddie Mac coming off of rumors that they will shut their doors and financials rallying off of fresh new lows, most people are still understandably worried and uncertain.
"The broad market cares more about last week's news concerning economic growth," said Larry Rice of Josephtal & Co. "A few stocks are rallying off of the Microsoft news and are sparking a narrow rally in the tech sector.
"The broad market cares more about last week's news concerning economic growth and low inflation," said Larry Rice of Josephtal & Co. "A few stocks are rallying off of the Microsoft news and are sparking a narrow rally in the tech sector.
Similar(56)
The rally off the intraday lows last week was kind of a bear trap".
In their half of the inning, the Red Sox rallied off Yankees starter Ted Lilly (1-4).
Andres Galarraga was in the middle of all three scoring rallies off Hampton.
The Likud wrote the rally off as part of the left's campaign to depose Netanyahu.
The fact that the Twins rallied off Burnett was the one sobering moment in an otherwise celebratory day.
Meanwhile the euro has rallied off its lows on vague talk of possible intervention by the European Cental Bank.
They reacted with disbelief, for example, when the market rallied off what turned out to be the market low in December 1974.
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