Getting Back in Step
I've been writing lately that we can't be too quick to look for a market top; on the other hand, I've seen reasons to be more cautious. As a result, I'm feeling a little out of step as the market walks back up and continues to act pretty darn well overall. Breadth has been steadily improving and there are still no sign of a rush for the exits. In fact, there is still plenty of chasing taking places in stocks that have posted good numbers. Even Facebook (FB) moved back into the green for a while after a shaky start.
When I feel a bit out of step with the action, I focus more on individual stocks and try to ignore the indices. Typically, action in the indices tends to cause emotional and mental confusion for traders. If you are on the wrong side of the market, the main reason why is because you are fighting the indices and not focused enough on what individual stocks are doing....67 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.