John Hughs
John Hughs
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,
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,
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.
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.
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.
again against crude dealt historic prices pushing
It's not as if we haven't dealt with crude prices at these levels, but again you're pushing up against the historic highs.
concerning good sloppy start term
It's not a really good start to the new year, ... I would term it sloppy at best, concerning at worst.
breaks hard hope luck
That is the kind of (bad) luck we have been having whole season. All we can do is keep working hard and hope the breaks go our way.
buying close concerns falling interest january
There's very little buying interest right now and there are concerns with the Dow and S&P 500 falling close to the January lows,
anyone current given sure
I'm not sure that there is anyone that would want to take on the company, given the current circumstances.
caught rest sure takes
It's important he doesn't get too caught up in it all, because it takes a lot out of you and he'll need to make sure he's getting his rest as well.
clear john man richard troubled worse
It's clear that Richard John Sumner was a very troubled man and he was getting worse and he was very depressed.