Rooting for the Bears to Gain Some Traction

It is lackluster action out there, with breadth running about 2200 gainers to 3600 decliners and 206 stocks at new 12-month lows versus 156 at new 12-month lows. Those are pretty dismal statistics, but the S&P 500 is down just 0.31% and DJIA has dropped a miniscule 0.20%.

There are some issues out there, but they aren't having much impact on the indices so far. The other big positive is that underlying support remains strong. As soon as some key technical level is challenged, the buyers show up. There has been no downside momentum in this market in so long that many have forgotten what it feels like....195 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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