It probably isn't helping the market that bond traders, government offices and banks are observing Veteran's Day. The opening bounce didn't have much energy and it didn't take long before the indices slipped into the red. The market is back around flat for now with slightly positive breadth, but outside of the biotechnology sector, it is just downright dead.
One of the troubling aspects of this sort of flat action is that it helps to alleviate oversold conditions but it doesn't provide interesting trading action. It is always more entertaining when strong emotions are at work, stretching the market too far and producing a snap-back. Instead, it's a slow drip with just a few stocks of interest. Even the mighty Apple (AAPL) can barely manage to stay green....100 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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