Momentum Is Lacking
Apple (AAPL) provided a little intraday drama, but it's still a sedate market with a positive bias. What has been so challenging lately is that there is sufficient support to prevent any real downside but not enough buying to produce any real momentum.
Technically, the S&P 500 keeps bumping up against its 50-day simple moving average and is still a bit overbought, but the bears are not having any luck at all lately. There is good dip-buying support and the short side is even tougher than the long side....100 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
There’s no substitute for a trading floor to get great ideas, so Jim Cramer created a better one at Real Money and blogs there exclusively. We then added legendary hedge fund manager, Doug Kass, with his exclusive Daily Diary and best investing ideas. Staffed with more than 4 dozen investing pros, money managers, journalists and analysts, Real Money Pro gives you a flood of opinions, analysis and actionable trading advice found nowhere else, and allows you to interact directly with each expert.
Already a Subscriber? Please login.