Mike Santoli’s market notes: Modest victory for bulls, tech draws buyers, fevered action in IPOs

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This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.

  • The trendy newcomers are hogging a lot of the oxygen, leaving the broader market on a low simmer for the moment. The opening stumble in the S&P 500 bottomed exactly at 3645 – that level we keep pointing to which was the intraday high Nov. 9. So the index has held in the breakout range at this point. Modest victory for the bulls.

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