Caution Level Rising Fast
It's a good start to the week but it feels like folks stayed up too late last night watching the Academy Awards. It is slow going and small-caps are lagging badly. Breadth is still solid at about 3000 gainers to 2200 decliners but its slipping as the S&P 500 takes out the opening lows.
Overall, it feels like the buyers are afraid of missing out but don't have a high level of conviction. Many folks had a hard time keeping up with the market when it ran up to start the year so there is performance anxiety, which causes chases on a strong open. It's when the bulls are caught in a quick reverse, however, that we start seeing more selling pressure....80 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
