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Today's Commentary
Thursday, April 24, 2014

First things first -- it was Tuesday, so of course the bulls came out swinging.

Think about this for a second. It is nearly May, and Tuesday has been down just twice all year on the S&P 500 Index (SPX)!

It is also the only day that has a positive return in 2014.

Sparking yesterday's move higher were mostly positive earnings across the board, but the big one was Netflix, Inc. (NASDAQ:NFLX).

NFLX had solid earnings, and this helped all the momentum names get some serious buying attention today.

After breaking down significantly the past month, money poured into areas like small-caps and biotech.

The Dow Jones Industrial Average (DJI) was in positive territory the entire session and closed with a solid gain, just over 100 points shy of its all-time peak.


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