Have a feeling if bears cant use Yellen as an excuse to at least test yesterdays lows we might grind higher next few days $SPY-- Matthew Thury (@liquiditat) Apr. 16 at 02:04 PM
But others said investors would be too skittish about holding through the long weekend. Markets are closed this Friday for Good Friday, the Christian holy day before Easter Sunday.
Very little reason to stay long over the weekend with this Passover rally we've just had unless we retrace at least 1/2 of it $SPY-- SteveZ1 (@Stevez1) Apr. 16 at 02:07 PM
Sentiment on the ETFs that track the S&P 500, Dow and Nasdaq remained above 55% bearish. Sentiment was particularly negative on the S&P 500 where 72% of commenters on StockTwits.com called for losses.
At the time of publication the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.