Solid Action All Around

By

James "Rev Shark" DePorre

 | Aug 18, 2014 | 4:33 PM EDT
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With the exception of the level of volume, it was an impressive day for the market by just about any measure. There was a big point gain, solid breadth, strong speculative action and hardly a dip. We gapped up and held steady, although the indices did trade flat for long periods. Traders were chasing speculative China "junk" such as China Finance Online (JRJC) and Sky-mobi (MOBI) and were also paying up for bigger-cap momentum names such as Google (GOOG), Netflix (NFLX) and Chipotle Mexican Grill (CMG).

If you are a short trying to call a top, you have to be feeling very discouraged, and if you are a bull and aren't fully invested, you have to work hard to put more capital to work. It certainly is strong action, but it isn't that easy to trade....1238 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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