Ken Tower
Ken Tower
advance likely market sort takes
More likely is that we'll get some sort of advance that takes the market to new highs.
bears bulls neither nor seem unless
Neither bulls nor bears seem to be making any headway, unless you look at the Dow.
curve defensive economic growth possible time type wondering yield
Right now, it's the yield curve that everyone will be watching. Now we're wondering what type of economic growth we'll have going forward. For investors, it's always possible that this time will be different, but we still have to be defensive going into 2006.
again bulls energy led rally stocks technology time
This rally is very fragile, as it is being led once again by energy stocks and not technology or finance. This is no time for the bulls to relax.
great market proved push spark
This proved the spark to push the market higher. It was great news.
again average below current high key link longer lots major remain stocks support term trends weak yesterday zones
Yesterday's high now become key resistance. Because the longer term trends all remain up, there are lots of support zones below current prices. The big Nasdaq stocks have been the weak link in the rally, as demonstrated again yesterday by being the only major average to fall.
armor crude maybe oil
Maybe that is the first chink in the armor of the uptrend of crude oil prices,
attitude employment fed investors means near next perhaps recent report thinking
I think there is a wait-and-see attitude about next week's Fed meeting. Investors are thinking that perhaps the recent weaker-than-expected employment report means that the Fed is near the end of its rate-hiking cycle, but I don't think that's the case.
concerned cooling fed inflation interest market pause question raising rates strong struggling today tries whether work
I think the question the market is struggling with is whether we are concerned about inflation and too strong an economy, or if the Fed is raising interest rates too much and cooling things off. So we have a little pause in the market today as it tries to work this question out.
good jones money people spend spending
Liz Claiborne is one; Tommy Hilfiger is another; Jones New York. There are a lot of them that look good now, ... People aren't going to spend their money on some things, but they're spending it on others.
longer next optimistic term
Longer term I'm bearish, but I'm pretty optimistic for next week.
market order people
Paradoxically you need people to be more discouraged in order for there to be a market bottom.
clear move sending signal wants
I think the market's sending a very clear signal that it wants to move higher,
bulls market pushing
I feel that it's very important here for the bulls to show that they can keep pushing this market forward.