Something for Everyone Today

There was something for everyone today with the DJIA red, the Nasdaq green and the S&P 500 flat. Apple (AAPL) helped the Nasdaq to lead while a good response to earnings form Goldman Sachs (GS) and JPMorgan (JPM) kept the S&P 500 flat and offset broader weakness. Breadth was negative on both major exchanges and small-caps succumbed to profit taking.

Within the big picture, the selling was minor and can be dismissed as routine consolidation. The action looks a bit tired and even some bulls would be happy to see pullbacks to provide better entry points. We just aren't seeing any real downside, even though the upside movement is limited....208 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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