Not Fade Away
A gap-up open on news is always going to attract those looking for a quick fade. The problem is that it is very easy to be squeezed if there is good dip-buying support. If things don't fade quickly, the chances of a trend-day will increase.
So far, there's good underlying support, which is a function of many market players being caught by surprise when the European news hit. They are trying to find long inventory, and the idea of buying a dip has great appeal again. The fact that it is the end of the second quarter is probably also providing support. It has been a rough quarter, but some mark-ups might ease the pain a bit. ...147 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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