Traders Looking for Action
We have some early pressure, but traders are itching for action and trying to push a few things. Apple (AAPL) and Facebook (FB) are probably the best examples of where the hot money is going, but some of the smaller-cap names like Sarepta Therapeutics (SRPT) are doing well also.
As I discussed in my opening post, we are extended and in need of some consolidation at this point. Of course, after a good week, the bulls want more, so they are providing some underlying bids, but if we take out the early lows, they will likely step aside....170 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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