Gap-Up and Sit
The market is doing a very nice job of creating the maximum level of frustration with some gap-up-and-sit action after one flat day of trading. If you didn't load up quickly or if you took some gains on the weakness, you are out of position this morning. The lack of any immediate follow-through is keeping the chasers sidelined as well.
Overall, it is very strong action, with breadth running 3,700 to 1,200 and all major sectors in the green. What is interesting is that oil, gold and commodities are leading while chips and technologies are lagging a bit. High-beta, big-cap names are doing well also but have not gained any further traction after the gap-up open...143 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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