We used to call it Turnaround Tuesday. That's when we would have had a tough weekend, negative articles, bad news, and then we would open weak Monday and then continue to trade down all day and then open weak Tuesday and then actually put in a bottom, with tech being the leader.
Right now, that looks to be the case again. Upgrades on Apple (AAPL) and Tesla Motors (TSLA), negative news about Google (GOOG) -- price war with Amazon (AMZN) -- and the stock turns around, semiconductors going up, led by Micron (MU). It's just like the old days.
That makes sense. This is an "old days" market, the kind that most people either haven't invested through or have just plain forgotten.
Otherwise, it's just Turnaround Tuesday morning.