A Mild Fade
We are seeing gap-and-fade action in the market this morning because the bulls have been unable to build on the German court decision regarding eurozone bailouts. It seems as if there's a constant flow of sell-the-news events, but the worst that ever happens is a mild fade, like we are seeing this morning. The market is still solidly in the green and breadth is positive, but well off the early highs.
Homebuilders are leading again, and oil and banks are doing well, but technology is mixed as Apple (AAPL) drifts around ahead of its new product announcement today. Google (GOOG) continues to pull back but Facebook (FB), AIG (AIG) and LinkedIn (LNKD) are holding their gaps....64 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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