No Worries
A minor day of selling gives the bears a little hope, but the underlying support and strong finish suggest that the bulls are still solidly in charge. Breadth was 2400 gainers to 3050 losers, but there wasn't any major weakness. Apple (AAPL) continues to struggle but that was offset by strength in Amazon (AMZN), Netflix (NFLX), eBay (EBAY) and others.
Biotechnology stocks attracted speculative interest again, but mortgage service companies such as Walter Investment (WAC), Ocwen Financial (OCN), Home Loan Servicing (HLSS) and Nationstar Mortgage (NSM) managed the best momentum. That group should continue to be of interest over the next few days....80 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
