A Lackluster Bounce

The market has become increasingly volatile on an intraday basis over the past week or so. During the recent run-up, it was rare for the indices to reverse intraday but we have seen that occur every day this week, and today they changed direction four times. Unfortunately, most of the reverses have been to the downside and have resulted in poor closes. Today the indices finally managed to bounce a bit and close a little better, but it was lackluster.

The good news is that individual stocks continue to chug along and are not moving in a correlated matter. In other words, stock-picking is working and the indices have largely been irrelevant....1194 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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