|Day Low/High||2.03 / 2.18|
|52 Wk Low/High||1.53 / 6.55|
The best move here is to stay focused on stock picking but manage positions tightly.
Stay focused on what is happening right now and don't be in a rush to anticipate disaster.
With cash levels high, those players who are not well-positioned for upside action are scrambling to put money to work and are helping to propel prices higher.
The S&P 500 is looking at its longest losing streak since the bottom on December 24.
It is the action in secondary stocks that is giving the action a much better feel.
It's tough to do much while we await major news events.
It looks like the S&P 500 is about to test the intraday lows and that will prevent much upside action.
The first day of a new year always attracts market players trying to start off on the right foot.
Wild speculation in pot stocks and IPO names was a notable characteristic this week.