It is another disappointing day of action in the market. Hopes were high that misses from Apple (AAPL) and Amazon (AMZN) would provide a washout and set up a buy-the-bad-news bounce, but the market hit a high at the open and has traded lower the rest of the day.
I suspect that the bounce buyers sucked in in the last couple of days didn't have enough ammunition to mount a strong charge. When the market failed to gain traction, they threw in the towel and tried to unwind long exposure....199 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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