Rooting for the Bears to Generate Momentum

It is a good thing for the business channels that they are showing the Comey hearing today, because they would be struggling to find something to say about this market. Once again, it is very dull and slow action, with indices barely moving. Breadth is poor, with around 2,850 gainers to 3,800 decliners, but we still have a healthy number of new 12-month highs, with over 400.

As I discussed in my prior post, most of the best action is in biotechnology. There are trades working in that group, but I feel sorry for anyone that is focused on index trades. Unless you are content with trading for pennies, there simply isn't any action....172 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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