Long Entries Still Tough

Volume is running light due to the Columbus Day holiday, but the action that we have is extremely lopsided to the upside. Breadth was running better than 12-to-1 positive early and is still close to 10-to-1 positive. All major sectors are in the green, all the big-cap momentum names are up and the only red is the inverse ETFs and TLT.

All last week I heard traders complain about the lack of favorable long setups and they are squawking even more this morning. This market is not making long entries easy, but that has been a very common theme ever since the low in March 2009. If you want in you almost always have to do some chasing because the underlying dip buyers just never let things fall very much once they start to trend upward....122 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

Read the full story and get access to the Real Money Pro trading floor.

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.

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.

TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.