The bulls managed further upside this morning on mediocre but better-than-expected economic reports, but a few cracks appeared mid-morning and we trended down the rest of the day.
We had decent breadth and the indices closed green, but the action under the surface didn’t feel very positive. There were a few big reversals in names that have led recently -- AAPL, HANS, BIDU, JVA -- and plenty of stocks closed well off their intraday highs. Of course, the computers kicked in again in the final hour and spiked us up, but the sellers gained a foothold in the afternoon.
