Wow, what a wild ride on Wall Street today! The SkyNet SellBots ruled the overnight futures session, immediately applying relentless selling pressure for the first two hours of trading. At precisely 11:30 AM EST (funny how that happens), the SellBots became exhausted and the BuyBots took control, sparking a monster rally that recovered much if not more than the early losses. The DJIA, down 800 points early, closed down “only” 79 points (3.1%). The NASDAQ actually made it back into positive territory, closing up 29 points (0.4%).
Stay tuned as the battle of the SkyNet StockBots continues!