There was mild profit-taking at the open, but the focus quickly shifted to finding long exposure just in case this market continues to levitate. It is slow and breadth is running negative, but big-caps like Google (GOOG), Priceline (PCLN) and Amazon (AMZN) are attracting interest. Homebuilders are leading and financials are perky.
One thing that helps some individual stocks is that traders are anticipating the speculative action that usually occurs around Thanksgiving. Traders look for thinner small-caps that the hot money can push around while the big fund managers take a break. It is largely self-fulfilling action, but that doesn't make it any less profitable if you catch a few names....111 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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