Another Weak Monday
The streak of weak Mondays continues. It is a sloppy morning of selling so far, but there are some signs of dip-buying and breadth is only slightly negative. Banks are exhibiting some relative strength and Apple (AAPL) is off its early lows, but there is a good dose of profiting-taking as well.
For months, the market has done a nice job of shaking off this sort of selling pressure. The bears have been incapable of building any downside momentum, which has given the dip-buyers confidence. Once there's a bounce, the bears almost immediately capitulate and the market starts running higher as short covering kicks in and the underinvested bulls start chase....137 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.