Today the market opened with some strength but unable to really build on that opening strength. Similarly with many stocks, lot of them pulled back from their high of the day (HOD) and many of them even went below their opening price. It appears the recent run up is too much and too fast, and that made it very tempting for those that bought it at lower prices to take profits.
The following video will review the market price actions along with these stocks: MS, GS, BAC, GM, F, MU, BBRY, JCP, AMD, YHOO, HPQ, AAPL, AMZN, FB, TWTR, GFI, REE, SLV, GDX, GDXJ.
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Disclosure: Long AAPL, HPQ, YHOO, AMD, GFI, BBRY, MU, F.
