Off the Charts
The market finished in positive territory as the indices posted narrow gains. The Nasdaq led the way higher, gaining 0.30%. It was another lethargic day in the S&P 500 today, but the index continues to hold up well since the Nov. 16 reversal. The question now is, can the S&P see a push above 1421 in this slow tape?
We are seeing some unusual divergences in the market right now. While market leader Apple (AAPL) remains heavy, we are seeing some laggard type stocks perk up. We also saw the market hold up as the dollar rallied last Thursday. The homebuilders, which have been a leading sector most of this year, are lagging on the short term. The financials, which have been on a roller-coaster this year, are seeing sustained strength....669 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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