Faltering Thursday – Still Looking for Weak Bounces (not good)

It's Warren's turn to write our Morning Report - he's getting very good at it:

Yesterday's session began on a hopeful note, riding the momentum of Tuesday's rebound. However, what started as a promising climb quickly turned into a broad and orderly retreat, leaving the major indices in the red by the close. The S&P 500, which was up as much as 1.7% at its peak, ended the day 0.8% lower, reflecting the fragile sentiment permeating the market. The Nasdaq was rejected at our strong bounce line, falling back to the weak bounce line at the end of the ...