In less than a weeks time , The Dow Jones Industrial average has recovered from a 700 point deficit.

As of Fridays closing major market indices are above their respective short term moving average trend lines.

The last 4 trading days have shown the market resiliency.

There were subtle hints early on in yesterday's session that the steep decline might not be sustained. Technology stocks held up relatively well amid the 700 point decline in the DOW.

Today marks the 23rd anniversary of September 11. May we never forget those who lost their lives.  

The major market indexes have managed to rally back close to the support levels mentioned yesterday but they failed to reclaim those levels decisively. The ONUS remains on the Bulls. 

The major indexes went back to their respective support levels. 

The CBOE Volatility Index posted a series of ascending dates.

As of closing yesterday, the major market indexes are within close proximity of the support levels that Gene outlined recently. 

Mixed session with the Dow being higher and the other indexes  being lower. There were indications that the downward momentum might breaking. 

Rough start for a month that historically represents the most difficult season for the stock market.