Good, Old-Fashioned Momentum
We have a very deceptive day of action today. It is much stronger under the surface than the indices are showing.
In particular there is strength in big banks such as Wells Fargo (WFC), Bank of America (BAC), SunTrust (STI) and Morgan Stanley (MS) and there is good buying in some of the big-cap momentum favorites such as Pricline.com (PCLN), Amazon.com (AMZN), Alexion Pharma (ALXN), Apple (AAPL), etc. Breadth is very strong at about 3,300 gainers to 2,000 decliners, which is impressive for a market where the indices are doing nothing....224 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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