Tepid Action as the Year Plays Out
Today's action is unsurprisingly tepid as market players dink around with small trades to close the book on 2011. We have a slight positive bias with breadth running about 2600 gainers to 2500 losers, but I see more aggressive selling than buying in many small-caps.
One of the things that has made trading tough this year is that we haven't had many strong themes. A year ago, momentum traders were all over the rare-earth plays and we had some great action at times in solar energy, China and precious metals. This year we haven't really had any strong momentum theme since the runs in gold and silver in the spring....175 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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