Walking the High-Wire

Although much of the action was very slow and volume was extremely light again, there was an interesting mix of action. The media was obsessed with JC Penney (JCP), Herbalife (HLF) and Alcoa (AA) while the folks who actually trade for a living were focused on First Solar (FSLR), Sarepta (SRPT) and Netflix (NFLX).

There was strong action to be found but the small-caps underperformed again and that produced negative breadth on the Nasdaq. Solar energy and precious metals were the best groups but there were hot pockets of action, and the action had the feel of desperation by underinvested bulls who are tired of this market running without them....1106 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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