The Momentum Fades
After the celebration over the great market action Friday, the action is weak and uncertain this morning. Breadth is running worse than 2-to-1 negative and other than minor strength in solar energy and select tech names due to the Oracle (ORCL) acquisition, it is tough slogging. Apple (AAPL) is back in the red and Google (GOOG) and Amazon (AMZN) are down as well, which is a sign that the momentum money is taking a rest.
My biggest problem with this market lately has been the difficulty of putting money to work even if you maintain a bullish bias and want to ride the trend. There haven't been that many pockets of momentum. We've seen strength in things like refineries, homebuilders and solar energy, but the themes have not been too impressive overall....67 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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