In Daytrading Mode
This morning's routine oversold bounce was boosted by a slightly better-than-expected ISM-Services number. There isn't any standout leadership in the market, but breadth is strong and there are a lot of minor gainers. Homebuilders, banks, oil and chips lead while retail and gold lag. Google (GOOG) and Apple (AAPL), which led Monday, are lagging today.
The problem is that there aren't many good reasons to trust this action to last. If you want to play, you had better be very short term and not too picky about charts. At the lows, there will be very few good swing trade setups but that doesn't mean you won't see upside....140 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.