A Few Bright Spots
The action is jerky this morning after a better-than-expected ISM services number turned the market up after a quick dip, but I'm not confident in the ability of this market to run. Already we are seeing selling kick back again and the mighty Apple (AAPL) is losing steam.
On the other hand, there is very interesting speculative trading intraday. I'm playing Sarepta (SRPT) intraday, which had a picture perfect opening-range breakout. Typically, traders will watch a stock for the first hour or so of trading and then look to enter when it takes out the highs. That worked like a charm with SRPT, which flew once it took out the opening price around $32....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.
