Wednesday, December 15, 2010

Market Recap For Tuesday, 12/14/2010

The market was a real mess today. We had very odd crosscurrents with key stocks like CRM, FFIV, PCLN, BIDU and AAPL acting poorly while things like WHR, AIG and BP led.

The FOMC decision held no surprises, but as I suspected, it still served as a catalyst for some crazy swings. Breadth is positive, and the indices are solidly in the green, but the underlying action contains pockets of very poor action.

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