Maintain Discipline
The market is exhibiting solid follow-through momentum this morning, with the hot money actively chasing a number of things. The obvious driving force is a potential quantitative easing announcement from the Federal Reserve Wednesday. Market players are keenly aware of how the Fed can drive the market with this news, and they want to make sure they have some long exposure. But there is no guarantee the Fed will act and I suspect a little nervousness before the announcement.
It is nice to see momentum stocks moving like they should during uptrends. Names like Sourcefire (FIRE), SXC Health Solutions (SXCI), Web.com Group (WWWW) and Pharmacyclics (PCYC) have been attracting attention, however, the king, Apple (AAPL), is down and I've cut my position....53 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.
