James Park
James Park
caught pants playing recent short tech traders volatility weakness
And traders that were short playing recent weakness and volatility in tech were caught with their pants down.
gains intel led market president pressure rebound shares speech tech turnaround
The market was under pressure for most of President Bush's speech. Once that was over, tech led a rebound on gains for Intel and a turnaround in shares of Oracle.
earnings economic guidance news raised
Earnings have been lackluster, guidance has been disappointing and the economic news we've just had, has raised inflationary fears.
today
Today is a very directionless market, ... It is really quiet. There's not much going on.
catalyst combine dealt goes good market needed normal numbers speak today volume
Today goes to show that the market needed a catalyst to get it going. Volume on the sell-side has been high. Everything is normal and not rapid, which is a good sign, but the numbers speak for themselves. When you combine everything we dealt with today it makes sense we're at these levels.
companies earnings expectation guided meeting
Right now I think the expectation is that a lot of these companies are meeting muted estimates. I think you'll see earnings guided higher, but that outlooks will be tempered.
options volatility
With options expiration today, there was not as much volatility as we had expected. We were in range-bound trading.
brings direction economic fed numbers skewed
When the economic numbers are all skewed in one direction, that brings up the Fed again.
buying coming numbers optimistic people resilience seeing
The numbers were nothing too special, it wasn't the most optimistic reading, ... We're just seeing a lot of resilience today. Some people are coming back in and buying on the new quarter.
gains holiday locked low movements players quiet volume
It's kind of a holiday snoozer, ... All of the big players have locked in their gains for this year. It's just going to be quiet with exaggerated movements because of low volume this week.
aggressive closing coming commodity concerned interest move negative news nice people positions prices
A lot of people are closing out positions before the weekend, with negative news escalating all over the place. After the nice move coming out of the year-end, this is a little more aggressive than usual. We need to be concerned with commodity prices and interest rates, too.
continuing definitely extremely markets volume weather
I think the weather is going to be a big concern, ... The markets are definitely continuing their rally, but volume is extremely light. Liquidity is more of an issue.
advantage buying gains people related seeing taking
I think we're just buying off weakness, ... A lot of the gains we're seeing are related to index-related buying. People are bargain-hunting and taking advantage of the momentum.
conviction summer trading
I just see a lot of listless trading into the end of the summer -- there isn't much conviction,