Part of the Process

Is it the pause that refreshes or the start of a topping process? Although the indices had only minor losses, the screens were littered with some ugly reversals in the high-momentum names. Stocks such as Tesla Motors (TSLA), SolarCity (SCTY), Facebook (FB), JinkoSolar (JKS) and Google (GOOG) reversed sharply and closed poorly.

After the run we've had, some profit taking is well justified, and the fact that we have payroll numbers reported in the morning was an additional catalyst for locking in some gains. In the bigger scheme of things, action like we had today is needed to keep the market healthy. Sometimes the media make is seem that if we aren't up every day there is something wrong with the market....1185 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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