Marc Pado
Marc Pado
companies given interest likely negatives restrained rising statements
And the forward-looking statements that companies are likely to give will probably be restrained given all the negatives that companies see: rising interest rates, rising mortgages, a lot of concern.
bulls work
The bulls have some work to do today.
bulls continue earnings opportunity roll
The bulls had a real opportunity. Earnings continue to roll in, and for the most part they are in-line or better than expected.
attempt failed favor high momentum swung
The momentum has swung in favor of the bulls, but we need to keep it going or it will look like another failed attempt at new high ground.
both components decent drop energy eyes far fed impressive investors january market needed pressures sales statements suddenly truly understanding wage
Had it not been for the impressive January same-store sales reports, decent forward-looking statements and the big drop in energy prices, the market drop would have been far worse. With the understanding that we needed to keep our eyes on wage pressures and productivity, both of those components suddenly soured investors on the idea that the Fed was truly done.
attention good greenspan market news raised remove shifted time
Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.
good news remove time
Any time you remove uncertainty, it's good news for the market,
cause crude decline earnings economic ending following friday investors list major meeting outweigh reports short sure tuesday
I'm not sure that Friday's decline will outweigh this week's long list of earnings reports and short list of economic data, ending on Friday with fourth-quarter GDP. Crude is making investors nervous, and by the end of the week, the FOMC meeting on the following Tuesday will also be a major cause for concern.
absorb companies fears fourth negative number quarter raises saw today
The negative productivity number we saw today about the fourth quarter raises fears that companies are not going to be able to absorb those costs.
cycle heading likely market months opportunity percent seems worst year
If you're going into the worst year of a four-year cycle and heading into one of the worst months statistically of the year, then it seems like a likely opportunity for the market to see its 10 percent correction.
economic opposed percent signals technical time whether year
If you're down 10 percent and you time it appropriately, then you could be up 18 percent at the end of the year as opposed to 8 percent. That's why I'd look at whether the economic signals corroborate the technical signals.
coming concerns continued energy fallen further increases market oil prices push quickly rates several support taken trading war winning
In the war of rates vs. oil, one would have to say that oil is winning out. Concerns of further rate increases are coming to fruition, yet the market has continued to push higher. Energy prices have fallen quickly and have taken out several trading support levels.
attention continue december earnings employment market needs next plate report shift starting step
By the end of this week, the attention will shift to the December employment report and then on to earnings starting next week. By the end of the month, earnings and forward-looking projections will be what needs to step up to the plate if the market is to continue the rally.
bounce high left major market momentum morning question since sustained whether
Internally, the market's bounce left something to be desired. Since the market went out on the high of the day, it should have some morning momentum left. The real question is whether or not it can be sustained without any major earnings-, economic-, or oil-moving news.