Battling Back to Green
The indices have battled into the green but the action is slow and random. It is obvious that trust levels are low, and that is preventing aggressive buying, but there are pockets of action as the hot money is bored and hungry.
Gold, silver and speculative biotechnology are leading while coal, oil and steel lag. Breadth is positive on the NYSE and flat on the Nasdaq. Most of the big-cap momentum names are struggling, but Apple (AAPL) is bucking the trend and showing relative strength for the third straight day. AAPL looks like it is trying to put in a bottom and I'm inclined to slowly average into it at this point....78 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.
