Shark Bites: Market Gains Aren't Slipping Away

Sustained momentum has been the big issue in this market lately, but so far, the market is holding on to yesterday's gains fairly well. Small-caps, as evidenced by the Russell 2000 ETF (IWM) , are lagging but the senior indices are holding, although breadth is negative. A bounce in retailers is helping a bit and the opticals are leading the technology sector.

While it a powerhouse follow-through move, it qualifies as consolidation and is the sort of action that provides a good foundation going into earnings reports next week. From a trading standpoint, the nice thing about earnings season is that it benefits stock pickers. There will be some standout movers and some good opportunities if you can catch the key names....124 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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