Positive Action, but a Negative Bias

For the past week or so there has been slow but positive action in the market. It was very slow again today, but this time the action had a negative bias. CNBC could hardly contain its glee over the fact that the DJIA finished positive for the eighth straight day, but it was not very impressive action overall.

Breadth was weak with 2200 gainers vs. 3200 decliners, which isn't terrible but illustrates that there was quite a bit of weakness for a change. What was particularly notable today was quite a few individual stocks were hit and don't come back right away....1052 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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