Here Come the Machines
The dip-buyers jumped on the sell-the-news action, as it was just a bit too obvious. It now feels like the computers are kicking in and trying to run us a bit. However, breadth is poor at about 2,000 gainers to 3,000 decliners, and groups such as oil, gold, steel and retail are struggling. Biotechnology and technology are leading the charge.
Apple (AAPL) is attracting attention, which I suspect is due to market players looking for a liquid vehicle they can put some money to work into quickly. Other big-cap names such as Priceline.com (PCLN), Google (GOOG) and Amazon (AMZN) are up but not as energetic....87 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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