Sticking With Long Plays
Many market players were anticipating a sell-the-news reaction to Thursday night's action. It didn't happen on Friday, and they are still leaning the wrong way, waiting for this market to reverse. A big drop in bonds is fanning talk about a rotation into equities, which is contributing to the strength, but this looks primarily like good, old-fashioned squeeze action so far.
Breadth is very solid, with 3450 gainers to 1650 decliners....190 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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