Energy Is Lacking
It's a tough slog this morning as market players cut positions into strength. There's plenty of uncertainty about how earnings season will play out, and since we've already had a nice run, it doesn't hurt to reduce exposure.
Breadth is slightly negative at 2400 gainers to 2700 decliners, but a lack of good upside momentum is the biggest problem. We just aren't seeing gains on strong speculative action. Gold is the leading group, there's minor strength in solar energy and financials, and chips and biotech are struggling....45 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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