Need to Rebuild a Wall of Worry
The big question this afternoon is how much risk do market players want to take on with European summit meeting looming? We've had a couple weak-bounce attempts so far, but they have been turned back and the dip buyers are quiet.
Breadth has actually slipped a bit from the early levels and is now around 5-to-1 negative. The relative strength in big-cap momentum names has dissipated except for Apple (AAPL), which is still green. Once again it is highly correlated action which means there is no place for the bears to hide or for the hot money to chase....214 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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