Ken Tower
Ken Tower
again looking low market rally sell test thinking
We're thinking that yesterday's rally will probably go back down and test the low today... So, this afternoon, we're looking again probably for the market to sell off.
bond lead market reason saying smarter stock tends
The presumption is the bond market is smarter than the stock market. I'm not saying it's always true, but there's a reason that the bond market tends to lead the stock market.
last nice
We're set up for a nice little rally, however, how long it can last is unclear.
fed focus inflation investors meeting nervous next searching
You have to be a little nervous about this number. This is going to do nothing but make us focus more on next week's Fed meeting as investors keep searching about inflation clues.
dismal eye investors july news though
Even though the news has been dismal this week, investors have to keep an eye on the July Lows.
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.
correction likelihood seeing strong
We had a really strong rally, ... and there's the likelihood of seeing a significant correction through the end of October.
decline good looking market people reaction terms torture water
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.
bullish continues leading led performance premature press rally relative sector tech
Financials led the sector rally yesterday. Tech has been getting a lot of bullish press recently, but its relative performance continues to suffer. It's premature to put this into the leading sector category.
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.
bulls dead expect good key market rise seeing
Today's rise is a good sign. What we're seeing is that the bulls are not dead and the market had bounced off key short-term lows, which is what you would expect from an uptrend.
concerned economy faster fed fueled growing hope investors nearly rally recent stock
The recent stock rally was fueled by the idea that the Fed is nearly done and I am concerned that such a hope could be in trouble. If the economy is growing faster than investors are expecting, that could be a problem.
fully hold lower lows market move sign strong turnaround
I'd like to see the market turnaround right here, hold Friday's lows and move higher, ... If we don't hold (the lows) it's a real strong sign that you got to take this market lower to get it fully oversold.
basic clear closed deal energy eventually exchange great high huge leadership lows market rally reached remain shift stock stocks underlying york
Only 10 New York Stock Exchange stocks made new lows yesterday, so it's clear that there is a great deal of underlying market strength. Industrials remain the clear winner, as they reached another new high yesterday. Financials had a huge rally and also closed at a new high. Leadership will eventually shift back to tech, energy and basic materials, but we're not there yet.