Playing Defense, Not Offense
Although breadth isn't too bad at around 2250 gainers to 2800 decliners, the action is rocky as Apple (AAPL) weighs on sentiment. It has been a laggard for a while but many have been in denial about it and now they are forced to realize that even the mighty AAPL isn't bulletproof.
Precious metals are leading and there is a little strength in oil, but almost all major groups are down and technology stocks are the worst. I'm not seeing any hot momentum themes, although squeezes in Herbalife (HLF), Netflix (NFLX) and Research In Motion (RIMM) are attracting attention....108 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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