Waiting Game Continues
The waiting game continues. After the gap down to start the day the market is bouncing around randomly as we await further fiscal-cliff news. The meeting with the President isn't until 3 p.m. EST, so big headlines aren't likely until late in the day.
Breadth has been improving steadily, which is probably a function of traders growing bored with this action. I'm seeing a little speculative action in solar stocks and some small oils but it is very limited. There just aren't any good reasons to build positions with the great likelihood of being jerked around by headlines later in the day....132 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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