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.
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.