The 'Buy the North Korea Scare' Trade Was Just Too Obvious

After working twice, the "buy the North Korea scare" was a little too obvious Tuesday morning. There was some dip buying, but so far it looks like it was mostly flippers looking for a quick trade. We'll see how it develops from here, but the buyers are hesitating.

Breadth is running slightly negative, with about 2900 gainer to 3400 decliners. There are about 200 new highs, which are primarily biotechnology names, so there are still some pockets of momentum. Hurricane plays are active again with Lowe's (LOW) , Home Depot (HD) , Lumber Liquidators (LL) and other repair stocks on the radar....133 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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