The Bulls Lack Energy
The bulls are working hard on the bounce attempt this morning but they don't have much energy. The market gapped up and has been slowly fading in the first hour of trading. Breadth is OK and most sectors are positive, but the buying isn't very aggressive.
Many market players, like me, are looking for a bounce but don't trust one to last long, which is keeping things contained. We need some higher highs intraday to trigger machine buying and bring in short-term money....150 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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