Grind It Out
A slight afternoon bounce took the market off the midday lows but it wasn't enough to push it into the green. Again, it was flat action with little volatility. A few names like Netflix (NFLX), Green Mountain Coffee (GMCR), Edwards Lifesciences (EW), Big Lots (BIG) and First Solar (FSLR) were chased, but most were extended and that didn't make for easy entries if you weren't already in.
I've been complaining lately about how few opportunities there are in this market and, unfortunately, it looks like that is likely to continue. It is pinned down by this fiscal cliff debate and that is not going to go away for a while. On one hand, the market is optimistic that a deal will eventually be made but on the other hand, no one really believes there is going to be a real solution....134 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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