We have very choppy action this morning with weakness in Apple (AAPL) weighing on the Nasdaq, but flat action otherwise. Leadership is in oil, steel, coal and commodities; biotech, chips and homebuilders are lagging.
Traders are trying to force some action, but overall sentiment is negative and preventing bounces from gaining traction. Downtrends are typically a function of failed bounces and we have to watch out for that. When dip-buyers are caught being too aggressive and have to dump shares to escape, pullbacks accelerate....94 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.