Playing Tight
The big-picture worries the market ignored last week are starting to matter this morning, and the weaker-than-expected Chicago PMI number isn't helping. Virtually all the recent economic reports have missed expectations lately and we already have the numbers coming down for the monthly jobs report due out on Friday.
Apple (AAPL) has returned to its pre-earnings behavior and continues to drip lower with no signs of support. However, the DJIA is showing some relative strength and that is keeping a bid under the market. Breadth is poor at around 2-to-1 negative with biotech and oil leading while precious metals and banks lag....125 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.
