Ken Tower
Ken Tower
bears game implies lack reaction strong today traders
Today we should get some idea of just how strong the bears are. Yesterday's lack of reaction implies traders don't think the bears have much of a game here.
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Technical indicators help investors avoid downward spirals like Enron. That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.
attention avoid bad downward good help investors news pay react reaction spirals technical
Technical indicators help investors avoid downward spirals like Enron, ... That being said, I don't pay much attention to news. I pay attention to how investors react to news. A good or bad reaction is more important than the news itself.
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Finally, the market got a reaction after that water torture of a decline in July. People reacted, which is very good in terms of looking for a bottom.
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The market is reacting to disappointment in some of the earnings reports and also to the stronger-than-expected economic data that came out.
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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?
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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.
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There's this almost universal sense that we're in this big cap-ex spending cycle and the big stocks should be moving on that, but they haven't been.
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The correction is likely to go on for another month or two, ... before there's really a compelling reason for investors and traders to move more money from the sidelines into the markets.
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If (Microsoft) can stay above 80, then the whole broad sector of technology stocks may have bottomed out this week and had a re-test low and be ready to turn higher.
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The Fed is going to have a hard time stopping their (rate) increases if the economy seems to be gaining strength.
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The Fed is going to have a hard time stopping their increases if the economy seems to be gaining strength. I think the Fed will have a very hard time talking down the inflation hawks if the data comes in stronger than expected.
markets money moved
They haven't so much moved their money out of the markets as they have moved it from one place to another.
front happening telling
What's happening in front of us right now is discouraging, but the market's telling us that these will be short-term disruptions.