Can't Trust the Indices

For nearly two weeks I've been writing about how the indices fail to reflect the underlying action. Today was another example. The indices were absolutely dead. They not only closed flat but there was hardly any intraday volatility and even breadth was almost exactly even.

Despite the comatose indices, though, I had an unusually high number of strong stocks on my screens. The hot money was chasing quite a few small-caps today, and groups like 3-D printing and solar energy were very strong. My stock of the week, Gray Television (GTN), traded nearly straight up all day and many "junk" small-caps like Recon Technology (RCON) and Digirad (DRAD) were quite frisky....1079 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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