Trader Mark submits:I've been scratching my head and wondering where all the good action is, because most of the stocks / or sectors I am interested in have done next to nothing for 5-6 weeks. In fact, many fashionable sectors in the spring and summer have seen their stocks hit, while the indexes remain up. Which means, there is a bull market somewhere - just not in areas we typically look at. Aside from the large caps mentioned this morning, we have a very curious group of stocks surging since early to mid November: utilities, healthcare, some retail - I can't find any rhyme or reason to these names other than they are relatively safe havens (at least in defense, utilities, and healthcare). Looks like a massive sector rotation has played out ... or it could just be all the "hot groups" (the anti-dollar trade, or more speculative junk stocks) were run up so much even the egregious bulls thought it was time to give them a break. Complete Story »
