Looking for Bounce Plays
When the market has been pounded for two days, the natural inclination is to look for some sort of bounce to kick in. That is especially so on a Friday, when the shorts may cover as the president is supposed to make an announcement about the fiscal cliff.
We started very slow, but the buyers are inching in a bit more aggressively now. Apple (AAPL) is finally up and that will provide some comfort for those who have been waiting so long for it to find some stability. Breadth is now positive and we have relative strength in biotechnology, steel and chips....85 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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