Stay Focused and Stay Tuned
I would like to offer profound insights about today's action, but nothing much happened. The market just churned as we waited for news from the Fed and the European Central Bank. The market held even most of the day, but selling picked up late and pushed breadth down to 2260 gainers versus 3200 losers. The one bright spot was Apple (AAPL), but most stocks just drifted with a slight downward bias.
More news is coming tomorrow morning, before the Fed news at 2:15 p.m. EDT. Unfortunately, we have to wait and see what the ECB does the following day and what the monthly jobs news is Friday. There is no escaping the macro news flow, which makes individual stock picking a roll of the dice....125 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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