Momentum Is Lacking
It isn't much of a correction with the S&P 500 down less than 4 points, but at least we are seeing some pullback and consolidation. This is what the market needs after the recent run. It certainly can move lower from here, but this qualifies as nothing more than healthy selling.
I'm trying to find new buys but the market has pulled back enough to bring things to support levels, and there isn't much momentum other than Google (GOOG), F5 Networks (FFIV), Onyx Pharma (ONXX) and a few odds and ends....118 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.
