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An orderly descent
Posted: 16 Apr 2012 11:10 AM PDT
Last week's takeaway was the market's separation of the wheat from the chaff among the leadership. Even if some of the glamours staged half-hearted attempts to vault to new highs, the week's developments left no doubt as to the identity of the genuine leaders.
The intermediate-term speculator, for whom these reports are written, is urged to track the daily price/volume action of the leaders that are still holding up, such as those listed in this report. This will provide the best means of determining to what extent large investors, the most important players in the market, are willing to sit tight with their positions.
Should these better actors begin to come under material distribution, joining other glamours that are already under pressure, the odds of a deeper market correction increase. The action in institutional must-own leaders like Apple (AAPL) and Priceline.com (PCLN) will be telling. . . . To continue reading, please click here.
Fund Prices2024-04-17
| Fund | Price | Day | YTD |
| G | $18.19 | 0.01% | 1.25% |
| F | $18.68 | 0.50% | -2.85% |
| C | $78.62 | -0.58% | 5.72% |
| S | $76.27 | -0.89% | -1.07% |
| I | $40.66 | -0.17% | 1.19% |
| L2065 | $15.60 | -0.47% | 3.17% |
| L2060 | $15.60 | -0.47% | 3.18% |
| L2055 | $15.60 | -0.47% | 3.18% |
| L2050 | $31.39 | -0.35% | 2.57% |
| L2045 | $14.34 | -0.33% | 2.47% |
| L2040 | $52.43 | -0.31% | 2.41% |
| L2035 | $13.87 | -0.28% | 2.31% |
| L2030 | $46.25 | -0.25% | 2.24% |
| L2025 | $12.93 | -0.12% | 1.78% |
| Linc | $25.29 | -0.09% | 1.55% |