The markets had what I would consider a good consolidation retest session. After a couple strong days to the upside one would expect some profit-taking, and we did get a sharp pullback in the morning, but it held right at support on the Nasdaq 100.

We had an excellent follow-through day to the rally on Friday.  The indices gapped up at the opening, did have a quick pullback but held, and then came on very strongly.

The markets astounded investors with a late very sharp rally that exploded into the close with a huge gain Friday.

Another very negative day on the Street as the bear market continues in earnest.  Despite the fact that futures were down for most of the pre-market, they ended up opening firm and rallying back to initial resistance.

The markets surprised late in the session after another nasty session, and ended with a late afternoon last-hour rally that brought all the indices back into positive territory except for the SOXX.

The indices had another bad day to start a week, which we've seen a lot of in the last few weeks.

We certainly had a topsy-turvy, volatile session today with the indices moving in three distinct waves on Friday.  In the morning they gapped lower at the opening and moved down steadily until they reached yesterday's late reaction lows just under 1180 on the Nasdaq 100 and down around the 870 range on the S&P 500.

The mother of all rallies occurred in the afternoon as the indices exploded in very strong 5-wave rally that left them at or very near the highs for the day going away on the close in a major turnaround rally.

The indices had another down day following up on yesterday's losses, but also had a lot of volatility.

The markets had what I would call an ugly day today and a nasty way to start the week.  They weren't down tremendously, but they ended far from where they started.