Follow the Money
It started last week and continued yesterday; a pullback in shares of some of the most stellar performers in the market. Stocks such as Apple (AAPL) and Priceline (PCLN) are giving back some of their spectacular gains. Although some who are currently long might disagree, I'd say this is a good thing. It's unhealthy for any trading vehicle to simply rocket higher, because stocks that rise in a parabolic manner tend to overheat. A normal, healthy pullback will lower the temperature of some very hot stocks, and lessen the risk of a future meltdown.
The question is, if profits are being taken on those big names, where is the money going? Are there any sectors out there that have snapped to attention over the past week or so, gaining ground on high volume? A place to stash profits taken from the volatile tech sector, complete with juicy dividends and bullish charts?...484 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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