A Market in Limbo
The good news is that we held on to last week's gains, but the bad news is that that was all we did. It was a very slow day with negative breadth and light volume, but a few big caps such as Apple (AAPL), Wal-Mart (WMT), IBM (IBM) and Coca-Cola (KO) held us up
We needed some consolidation, but the fact that we have three big news events later this week is probably what kept things well contained. Expectations have increased, and therefore the risk of disappointment is higher, and that sidelined some of the action today. Unfortunately, the Fed meeting isn't until Wednesday afternoon, so we have another day and a half of positioning before the action picks up....118 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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