John Hughs
John Hughs
continue february few momentum month rest tends weaker weeks
I think we're going to continue to see this churning for the rest of the month and then February tends to be seasonally weaker for the market, ... Longer-term, the momentum is still up, but we may need a few weeks of consolidation.
change coming economic economy last period rose saw seeing starting stocks weeks
We're getting to the year-end period and stocks are starting to drift. You're seeing that today, ... There's still a lot of uncertainty about the economy and about the change in Bush's economic team. We're also coming off a period where the Dow rose for 8 weeks and so you're seeing a little pullback. You saw it last week and I think it's continuing.
began call continuing correction few leaving money seeing stocks tech value weeks
What we're seeing is this kind off continuing correction in tech stocks that began a few weeks ago. The money is leaving tech and going to what we call value stocks.
cap december early five four january major negatives pulling run seems weeks
We're kind of back to where we were four or five weeks ago. We're in this transitional environment, where after the December and early January run there seems to be a cap on the upside, but there's also no major negatives pulling us down.
april bit chips leadership seeing sideways weeks
The chips and the Nasdaq, that's where the leadership was in the April to May rally, and after two weeks of sideways trading, we're seeing a bit of a resurgence in that area,
built continue correction five four labor market news next weeks
The news is all positive, but it was what the market had built in, ... There was nothing spectacular about the numbers. The market is still in a correction phase, and it will continue for the next four or five weeks -- at least through Labor Day.
building few huge past pattern rally scale seen weeks
There's not a huge rally building now, but we've seen a little pattern in the past few weeks of rally, scale back, and then continue, and we may see that again,
death delaware knots plenty red spiral sure
The only thing we can do in Delaware to keep the red knots from going into a death spiral is to make sure there are plenty of horseshoe-crab eggs.
hanging number payroll stocks talk
We're overbought, especially after yesterday, and there's talk that tomorrow's payroll number may disappoint, ... Yet stocks are hanging in.
lots wednesday york
You have a lot going on this week. But emotionally, for lots of us in New York and elsewhere, Wednesday is the big day.
fill good rally relatively rest taking yesterday
You had a pretty good day yesterday -- there was broadness in the rally and good volume, ... We're taking a day to fill in here. Things still look relatively positive, it's just consolidation or a rest after yesterday's action.
bounce came economic key last late levels perceived plus reports seeing support week
Everything came down to key support levels late last week and so I think you're seeing a bounce off that, ... You've also got some economic reports that are being perceived favorably, plus McDonald's earnings.
bit dips follow negative pattern positive process rarely
We're in a bit of a downtrend right now. There's a bit of a negative pattern technically and fundamentally. But we rarely follow through on these dips downward, ... This is a constructive process we're going through as we're working things out. It's a positive thing.
disaster discourage people send sure untrained
We're sure not going to discourage people from helping. But we can't just send untrained people into a disaster zone.