Unearthing a Theme
Market players are still chasing Apple (AAPL) higher into the end of the quarter, which is helping the indices a little, but overall action is mixed. Breadth is about even, oil is lagging, and steel, coal and commodities are leading. There are just a lot of stocks that need a rest at this point and market players aren't chasing at the moment.
I'm keeping the focus on individual stock-picking and looking for themes to trade. One group of interest this morning is rare earth, which is active due to better-than-expected results from China's Baotou Steel Rare Earth. Molycorp (MCP), Rare Element Resources (REE) and Avalon Rare Metals (AVL) in the rare earth group are on my radar....147 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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