TheStreet.com RealMoney
Some Early Profit-Taking

By Rev Shark

About this article:
After the big move on low volume we had on Friday, it shouldn't be too surprising that we have some profit-taking kicking in this morning. Energy, which led on Friday, is still holding up, but it is struggling to gain further momentum. Weakness is in banks, biotech, precious metals and steel. Bonds continue to weaken, but that isn't having much impact today. The folks who were so willing to chase on Friday are now standing aside. I do think they will be inclined to do some dip buying as they seek to make up the performance that they missed on Friday. We are still dealing with some artificial seasonality, but that is going to end very quickly. I have a few small caps of interest on my screens, such as Sequenom , which I'm actively trading very small. There are more "bottom fish"- or "junk off...

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