Momentum buyers are fighting a fight today, AAPL and GOOG remain the only highflyers that I can see still in the black. Some sellers are popping up. If and this is a HUGE if AAPL breaks down I would say you could see a nice downday, otherwise we will probably just flop around.
Stocks that have been leaping, AXL, GE, CHK are seeing some profittaking today, the gains are enormous so at some point an instinct to protect those gains might kick in. Remember psychology is the key, fundamentals are noise - 550k more jobless claims this AM - does that sound like a recession being over? I see real sellers in some stocks, guys who wait for the little pop in the SPUZ and just stay on the offer in the stocks.
Oh well why at this point anyone would listen to me is a good question
JB
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