Shrugging It Off

The market continues to show little concern over the government shutdown. While there doesn't seem to be any progress resolving the stalemate, it looked like shorts were nervous about the possibility of a deal over the weekend and a big open Monday morning. That doesn't seem likely, but it isn't a prudent risk for most traders to take.

I've been writing about how well individual stocks have been acting lately and I want to point it out again as it really is the key to the recent market action. Market players are making money trading individual stocks and don't seem to have much interest in market-timing. Even when there is weakness, the pockets of strength have been impressive. We saw it again today when groups like biotechnology ran up a bit and momentum favorites like Facebook (FB) and Tesla (TSLA) had buying interest all day....912 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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