Bryan Piskorowski
Bryan Piskorowski
brought continued drag lead lows market rest stocks tech
Tech stocks brought us up from our Oct. 8 lows and have continued to lead the market higher. When they go down it's going to drag the rest of the market with it.
lack late low move seen short volume
We've seen late day short rallies on low volume that are exaggerated by lack of supply. The move has been overrated,
bit bullish fact month picture strongest supports
The big picture here is that we're pretty quiet. We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.
april data fears feeling few fuzzy inflation jobs kicking past run skepticism stocks together warm
Stocks have put together a respectable run over the past few sessions, but we're not getting that warm and fuzzy feeling this time. With inflation fears kicking around and the April jobs data looming on Friday's horizon, skepticism is in the air.
bankruptcy books ceos days federal filing four gains hanging last meeting mostly reserve seeing signing stock stocks stories
The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.
beating below clearly consensus earnings front mixed putting recent reported reports results suffering thus
After suffering from an oversold condition, recent earnings reports have clearly benefited the bulls. Putting this into perspective, one-third of the S&P 500 has reported thus far, with 72% beating the consensus estimates, while only 17% have come in below estimates. After some mixed results on the earnings front in tech, we are on the mend.
recovery
It's a mildly affirmative day as recovery makes the scene.
earnings fact forecasts good grips hanging looking proof puts recovery timing trying ultimately understand
Ultimately what we're trying to come to grips with is the fact that we understand that second-quarter earnings are not going to be good but the timing of a recovery is hanging over our head. We'll get some forecasting, looking out, but it's what those forecasts say that puts proof in the pudding.
bulls earnings party stronger wine
Earnings have been good, but we're priced for perfection. The bulls want a stronger wine to keep the party going.
gains last profit seeing trying week
We've had pretty sizable gains in the last two days, so you're seeing a little rotating out of sectors and some profit taking. Last week we had a one-hit wonder. This week we're trying to see if we can do a little better.
beyond broke coming earnings economic land selling sitting support technical waiting
You got technical selling coming in as we broke a support level. Beyond that, we're just sitting here in no-man's land waiting for earnings announcements and economic data.
buying cash licking mild sidelines trying wounds
The Nasdaq is just licking its wounds and trying to rebuild. There's a lot of cash on the sidelines and there's some mild buying here.
cap close closer earnings large stick
And that's why we're going to stick close to the earnings tree, closer to the large cap names.
congress corporate drama good lack left means people quiet reporting
But it's going to be a quiet week. A lot of people are on vacation, there's little in corporate reporting or econ data, Congress is still in recess. We lack drama right now, which means we're going to be left to our own devices, which could be good or bad.