No Need to Rush
The market's attempt to bounce this morning is definitely lacking vigor. Nasdaq breadth is flat and has not been able to take out the opening high so far. Gold is leading while banks and chip stocks are lagging -- which is not a particularly good combination. Europe is red across the board and that is a definitely problem.
I continue to watch a few names of interest, including Cheniere Energy (LNG), Fusion-io (FIO), C&J Energy Services (CJES), CVD Equipment (CVV), etc. but my overall long exposure is very small....293 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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