The market tucked in on Tuesday. Neither bulls nor bears made progress and it was a good day to raise cash and take a step back.

The market lifted higher Friday and looks poised to continue its run into month end.

Risk was back on the table Thursday as traders jumped in for a swim on the long side.

As you know, Tape Talk is cut and published Tuesday, Thursday and Sunday’s. I’ve been doing this for the better part of the last 3 years and have only missed a few. Occasionally however there are market moves that need to be addressed outside the confines of these time slots and is one of the reasons I simplified this blog as I did. Tonight is one of those times. First allow me to say that I haven’t a clue what Ben Bernanke said...

The bulls weren't about to go down without a fight on Tuesday.

There is no question in my mind that traders are getting chopped to pieces in this tape. One minute it looks as if the sky is falling and the next it look as if all is right with the world. On one hand Goldman Sachs (GS) is posting an outside day on an uptick in volume while Bank of America (BAC) is just trying to find its way off the death bed.

The market plunged Friday resuming the downtrend we've been experiencing sine the April top. The pain looks as if it will continue into the week ahead.