Highly Correlated Action

One of the most challenging aspects of this market recently is how tightly correlated the action in individual stocks has been. They move in lockstep depending on how the headlines are being perceived.

This morning, the big-picture news is being seen as negative, and that means stocks are moving together to the downside. Breadth is running 750 gainers to 4300 decliners with all major sectors in the red. A few big-cap names such as Chipotle (CMG), Amazon (AMZN), Deckers Outdoor (DECK) and Las Vegas Sands (LVS) are bucking the trend, which is a good sign, but trying to fight the overall action with individual stock picks is a challenge....142 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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