Gap Up and Sit
We have one of those "gap up and sit" days so far, with the bears being caught by surprise once again and the bulls not willing to chase too much. Breadth is quite good at around 3,600 gainers to 1,450 decliners, but similar to on Wednesday, it is a bit choppy, with some quick moves in groups such as precious metals. Small banks are attracting attention, and the big-cap momentum names are generally strong.
I'm trying to follow my own advice and am ignoring the market timing and staying focused on individual stock picks. Unfortunately, I'm not finding much new to buy at the moment. Cambrex (CBM) is of interest as it tries to come out of a base on good volume, and Fusion-io (FIO) is on my radar as that challenges recent highs. Other than that, I'm not finding much new to add....67 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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