Bored to Death
The indices barely budged today, which made for very slow trading but that isn't all bad. Although breadth was a little weak and volume light, there was underlying support, and the market closed strong and there wasn't as rush to the exits. It would have been nice to see a few pockets of hot action, but there were more than 300 new highs again and the bears sure didn't manage to make any progress.
My biggest fear is that this market is going to bore everyone to death if it doesn't liven up soon. Flat action is very healthy but there should be more speculative interest under the surface. When we don't have aggressive trading of select names it is an indication of disinterest and that can eventually lead to greater selling....63 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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