More Chop to Come
After Monday's poor action, market players were not prepared for another buying spike, which probably intensified today's action. The market has been on a rollercoaster ride the last four days, and the rush to reposition with each swing only makes it worse.
Today's action was the complete opposite of yesterday's. The market trended up strongly before a little late selling, but volume was strong and breadth quite good. Even Apple (AAPL) managed to come back to life and helped the Nasdaq to outperform for a change....136 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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