More of the Same
So far, this morning is a continuation of Tuesday's one-way action. We paused briefly and now are stair-stepping straight up again. Breadth is solid at better than 2-to-1 positive with banks, chips, steel and coal leading while biotechnology takes a breather.
As I discussed in my opening post, this is classic computerized trading. The high-frequency trading algorithms keep pushing the market in a straight line as they fire off millions of trades for fractional gains. As long as we keep trending, they can continue to buy and sell in miniscule increments and extract steady gains....163 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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