A Subtle Shift in Character

By

James "Rev Shark" DePorre

 | Aug 27, 2014 | 4:14 PM EDT
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Breadth was flat and the indices did little, but there was more aggressive profit-taking under the surface than we have seen in a while. Big-cap momentum names underperformed, as did small-caps and many speculative China names. It wasn't a major change in character, but there were subtle shifts.

Of course, after the run we've had, some profit-taking is to be expected. In fact, many market players have been rooting for it in order to create new entry points. This market has been tricky lately, with good momentum but very extended charts on light volume. Many chases have worked but a fair number of reversals kicked in today....969 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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