Stuck With Slow Action
The trading action is painfully slow but the market continues to hold up remarkably well. It looked like a little profit-taking was going to kick in this morning, but the market found support around Friday's lows and ramped right back up again.
The action was a bit misleading today as breadth was weak -- particularly on the NYSE where it was running 2-to-1 negative. But strength in Google (GOOG), Apple (AAPL), Saleforce.com (CRM), eBay (EBAY) and a few other bigger cap stocks covered up the smaller-cap weakness. The iShares Russell 2000 (IWM) has been the laggard lately but did recover well following an intraday dip....141 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.