The Ride Continues
The one-way ride the market enjoyed in January continues as we kick off a new month. There was a brief attempt to fade the gap-up open on mixed economic data, but the dip-buyers aren't even waiting for the dip before jumping in. They have had so much success buying any and all weakness that they are becoming even more aggressive.
Breadth is extremely strong with about 4250 gainers to just 880 decliners. All major sectors are up. Bonds are under pressure, which may be a sign that some rotation is taking place. ...185 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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