Pushed to the Sidelines

 | Jul 24, 2012 | 10:47 AM EDT  | Comments
  • Comment
  • Print Print
  • Print
Stock quotes in this article:

aapl

,

bidu

,

vrng

It is tough slogging as the news flow delivers a steady supply of landmines -- a very weak Richmond Fed report is a good example of this. All of Monday's intraday bounce is gone and the market is trying to hold the lows. Baidu (BIDU) is the only big-cap stock doing much on earnings, while even Apple (AAPL) is losing its early pre-earnings optimism.

Clearly, great uncertainty in Europe and lackluster earnings are pushing market players to the sidelines. There aren't any buying catalysts, and the precarious support is keeping the technicians cautious as well.

I've been staying focused on very short-term trades, but even that is a struggle as follow-through is extremely limited and the flippers are taking gains very fast since they slip away in a blink.

I continue to like Vringo (VRNG), which I've mentioned a number of times lately, but I don't see much else working other than BIDU. Cash continues to look pretty good.

Columnist Conversations

My sense is that if yesterday's upmove was not the start of a vertical upside blow-off that is heading directl...
Oracle is today's top gainer in the S&P 500 following last night's Q2 earnings report. The stock op...
If AAPL is going to continue to rally....this cluster zone and prior swing high need to be cleared! This is t...
Yesterday and today was the classic case of watching realized vol. in the SPX and other indexes jump. The mark...

BEST IDEAS

REAL MONEY'S BEST IDEAS

Columnist Tweets

BROKERAGE PARTNERS

Except as otherwise indicated, quotes are delayed. Quotes delayed at least 20 minutes for all exchanges. Market Data provided by Interactive Data. Company fundamental data provided by Morningstar. Earnings and ratings provided by Zacks. Mutual fund data provided by Valueline. ETF data provided by Lipper. Powered and implemented by Interactive Data Managed Solutions.


TheStreet Ratings updates stock ratings daily. However, if no rating change occurs, the data on this page does not update. The data does update after 90 days if no rating change occurs within that time period.

IDC calculates the Market Cap for the basic symbol to include common shares only. Year-to-date mutual fund returns are calculated on a monthly basis by Value Line and posted mid-month.