Ken Tower
Ken Tower
great market proved push spark
This proved the spark to push the market higher. It was great news.
attract bulls cash december energy high hooks money provide top trading willing
We are at the top of a trading range. Everyone's willing to be bullish, but is the cash there to provide the energy the bulls need? Or is the December high the high-water mark? Dow 11,000 is one of the hooks the bulls will use to try and attract more money into the market.
again break crossroads danger major quickly range slide trading unable upside
We are at a major crossroads here. If we are unable to break out of this trading range to the upside soon, then there is a danger that we could quickly slide back down again to the lows.
crash fill greenspan happened market months planet spot sure took
There is no person on the planet who is going to be able to fill Greenspan's spot without a test, ... I'm not sure that it's a coincidence that the market crash of 1987 happened two months after Greenspan took office.
clear move sending signal wants
I think the market's sending a very clear signal that it wants to move higher,
market order people
Paradoxically you need people to be more discouraged in order for there to be a market bottom.
catch consider economy energy fast good longer money prices seeing shift short
You're seeing the fast money shift around a bit, and short term, that's good for stocks. Longer term, you have to consider that at some point, energy prices are going to catch up to the economy and the market.
absence built cash common explain historical inclined last low might people problem record sideline similar throughout volume weakness
You might be inclined to explain away last week's weakness by noting the low volume and people on vacation, but the historical record of year-end rallies was built on similar conditions. More likely, the absence of sideline cash will become a common problem throughout the year.
broad despite remains sentiment trader
Despite yesterday's broad advance, trader sentiment remains sober.
chairman excuse fed investors nervous offers unknown
A new Fed chairman is an unknown and as such offers nervous investors an excuse to sell.
alive bull far market
As far as we can tell, the bull market is alive and well.
markets strong tendency time tricky
This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.
four months moving people seen stocks value
This is pretty much a continuation of what we've seen for four months now. The value stocks are doing better and people are moving out of technology.
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.