Staying With the Plan
For the second straight day, the market experienced late day weakness and mixed action in big-caps. Money rotated from technology and into financials and commodities, which is an indication that market players are placing bets on a QE3 announcement Thursday.
In general, stocks continue to hold up well. Breadth was solid and we saw some impressive action, like the AIG (AIG) offering, but there are a few cracks developing, such as the weaker close and the high number of intraday reversals. There is no reason to hit the exits but it does require increased vigilance....106 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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