Complacency Running High
Well, we sure didn't get a pop on Monday, as I had hoped. Instead, it was a session of nothingness -- with the exception of the now-out-of-favor Apple (AAPL). Let's face it: As I noted months ago, a market obsessed with one stock is not healthy, so -- ignoring Apple's plunge -- I would label Monday's action as bullish.
In fact, I would even note that the Nasdaq's volume breadth has been positive for eight out of the last 10 days. That's good. But it also makes the market overbought....389 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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