There were multiple 1,000 point moves in the Dow Jones from last night's close (overnight) through today's close. It was a wild roller coaster ride that finished with the bulls winning out and the Dow finishing higher by 567 points.

There seemed to be a bunch of buyers waiting for stocks to hit major institutional moving averages across the board and that is when the markets turned higher. These high profile moving averages need to hold or it could get ugly again real quick if they are broken.

While there was a rally today, most stocks and major index ETFS were not able to close above all of their recently broken moving averages, leaving the bears with the upper hand going into the rest of this week.

We outline what price levels to watch on the indexes (and higher profile stocks) if the selling pressure resumes.

We also discuss SPY, QQQ, DIA, IWM, MDY, VIX, AAPL, AXP, AMZN, GOOGL, HAL, SLB, M, ADBE, NFLX, SKX, XHB, XLE and more.

Have a great day!

Feb 6 2018 - Massive Rally, But...