Ken Tower
Ken Tower
break expect experience market narrow range remain trading trapped
In my experience the market doesn't remain trapped in that kind of narrow trading range for long. So expect the market to break out. But which way?
adding four stocks taking
The four stocks you are adding have done much better than the four you are taking out, and they have much better prospects.
awful buy chart early great looks
The chart looks awful on Intel, ... It may be a great buy but it's too early to see.
buy companies highs investment maybe people stock stocks support survive
You want to look at stocks that are making multiyear highs or all-time highs. Those companies have a lot of support out there in the investment community. People think these companies are doing well, but if you want to buy a stock that's up from $1 to $3, maybe they survive and maybe they don't, that's just a riskier approach.
certainly growth heavy life
These is certainly some life in the Nasdaq stocks. The heavy growth story is getting some play.
hearings impact investor people rally
These hearings have an impact on investor psychology, they make people nervous, and that's why we're having a rally at the close.
exert falling fed flip force handling help housing increase interest investors lower positive rate rates reassure side
The flip side of the rate increase is falling long-term rates, which should exert a positive force on the market. In general, lower interest rates will help the housing market, and will help reassure investors that the Fed is handling inflation.
excuse good market news provide ripe
The market was ripe for some good news to provide an excuse for the rally. If it wasn't (Greenspan), it would have been something else.
bear benefit bulls feeling forecast good market rather strength torn willing year
The market strength is good right now, but when I look ahead, I'm feeling rather torn right now. My forecast this year is for a bear market, but for now, I'm willing to give the bulls the benefit of the doubt.
absorb decline fact market negative news overlook positive price steep
The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.
billion busy coming half knew lower market range shares stuck tight trading volume week
The market has been stuck in a very tight trading range for a month. Yesterday's NYSE volume of just over a billion shares makes me nervous. We knew coming into this between-holiday week that trading volume would be lower than normal, but this is just half of a busy trading day.
came data earnings economic market reacting reports
The market is reacting to disappointment in some of the earnings reports and also to the stronger-than-expected economic data that came out.
august averages coming downside larger late leadership left low major presumably sign support trading
I'm left with the sense that this is a trading-range market, not a larger decline. The major averages are now coming down to their late August lows, which are presumably the low end of this trading range. There wasn't any real sign of a reversal yesterday, but support is nearby and downside leadership is poor.