10May3:53 pmEST
A Well-Coordinated Relay Race
Despite another slow day on the major averages, with the S&P 500 negotiating 2400 yet again, quite a few individual names are worthy of attention on the long side.
Moreover, bulls turned in a valiant effort of sustaining rotations into areas of the market which bears were counting on to bring us down, namely the small caps and energy plays. X reversed up, creating some hope for longs. But the steels and most materials have a long read ahead to pull themselves out of corrective charts.
Let's see what Snapchat does with earnings tonight. But the larger story is that bulls, once again, kept a firm bid underneath a market which had a chance to take risk off after the political circus overnight.
More in my recap after the bell.
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