The indices were slightly higher, somewhat mixed at the close, but there was plenty action to be had today, particularly in solar energy and Chinese stocks.

The stock market had a strong start to the week and also had an afternoon pullback.

Indices were firm on Friday, and the overall patterns are still positive and bullish and could easily work their way higher.

It was quite the trading range early in the morning when the indices vacillated back and forth. In the afternoon, they rolled over in a 3-wave decline that took out the morning lows.

Volume increased, technicals were solid, and the indices had a solid gain for the day.

It was a huge up-day for the indices today. They were even up in the morning before the FOMC announced, but a couple hours prior to the announcement the indices pulled back in orderly fashion, held support, and when the FOMC announced they were cutting interest rates by half a point, the markets exploded and ran hard.

Harry Boxer will be watching today's lows for keys as to whether the market can hold support and right itself. But it would not surprise him to see some additional downside action.

The markets were up in the morning, down in the afternoon, and closed near the zero line with very small fractional changes.

The indices gained substantially today, closing above key overhead resistance near secondary resistance. Harry Boxer writes that it'll be interesting to see if they can follow through and move further here.

It was a rather volatile day but the indices ended not far from the flat line. With the pre-market futures strongly higher, the market gapped up strongly, but that was about it.