John Hughs
John Hughs
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.
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,
dragged energy good higher household moves player prices pride rest smaller stocks technical
(Pride Petroleum) is not a household name. A lot of energy stocks have had pretty good moves of late, ... up around 15-to-20 percent. Pride is kind of a smaller player in the area, just kind of a stock that has a good technical pattern, a good chart, and is being dragged up by the rest of the group, and with higher energy prices we think that one can do better.
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Our desire was sadly lacking at Motherwell and that was very disappointing. We need to play our passing game and stop Celtic having the ball.
economic either expected misses news reaction
So much of this economic news has been anticipated that you're not going to get much reaction either way, to better than expected news, or to something that misses estimates,
basically everybody sector selling
Techs are up, because the selling is basically done for now. The sector has been so out of favor, with everybody downgrading it, that you're getting this end-of-the-quarter bounce.
appetite asking composure game great maybe might passing played russell tired wednesday worry
Russell has a great appetite for the game ... I thought he might have been tired after Wednesday but he played superbly again. His composure is outstanding and his passing is flawless. My only worry is that sometimes maybe I'm asking too much of him.
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.
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Contrary to the misleading propaganda many of you have received over the past years, credible and reliable research show vouchers and tuition tax credit programs do nothing to improve public school performance overall, and in fact, often result in a decline in school and student performance.