Fighting Off the Doldrums

The fact that it was a summer Friday helped contribute to the tepid market behavior much of the day, but it was a positive nonetheless that the indices made a late-day push.

Despite the slowness of the earlier action and slightly negative breadth, the hot money was busy chasing liquid, high-beta names such as Tesla (TSLA), Netflix (NFLX), Priceline (PCLN), LinkedIn (LNKD) and Pharmacyclics (PCYC). Money managers have been struggling to keep pace with the returns the indices have generated, so they trying to catch up by focusing on the faster-moving big-caps....989 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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