Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
looking market profit run seeing technical
Temporarily, the market may have run out of gas. On a technical basis, we're looking overextended, so you're seeing a little profit taking,
biggest close consumer contrast driving ended far higher incredible investors left major markets morning oil positives prices resilience stock
Oil prices in the morning would've been the biggest story, but by the close the market's incredible resilience is what investors are left with, ... It's a contrast to how the markets ended yesterday. I think so far higher oil prices have not had a major impact. There are a lot of positives driving the consumer and the stock market.
clearly close fed improved likely market mood optimism rate recent reflects weeks
The mood of the market has clearly improved in recent weeks and this most likely reflects optimism that the Fed is close to the end of its recent rate tightening cycle.
improved last market tone week
The market tone has improved over the last week or so,
breadth build markets
The markets were able to build on yesterday's gains. Market breadth was encouraging.
basic few including seeing strength technology trying
The market's trying to stabilize. We're seeing some strength in a few of the beaten-down sectors, including technology and basic materials.
bond build energy far held hostage markets metals seeing stocks strength unable
The markets so far have been unable to build on yesterday's gains, and right now are being held hostage by the bond market. But we are seeing some strength in semiconductors, energy stocks and some of the metals companies.
current early gains given investors levels likely markets profit reluctant remain rest sell taking
The markets remain overbought at current levels and could see some profit taking at any time. However, market internals remain very positive, so investors are reluctant to sell much into that. Given this scenario, we are likely to see more gains through the rest of the year, and some consolidation in early 2005.
beyond clearer difficult expect fed headway higher market move next until week
The market is very oversold right now and I expect it to move higher over the next week or two. But beyond that, it's going to be very difficult for it to make much headway until we get a clearer sense of how much the Fed is going to move.
footing market poor start trying
The market is trying to find its footing here, amid what has been a poor start to the year.
continue decline face fears few issues markets next oil profit rising several sharp somewhat terrorism weakness
The markets are rebounding a little after several sessions of weakness that stemmed from rising oil prices, rising fears of terrorism and a sharp decline in the dollar. Those issues have somewhat abated today, but they are issues the market will continue to face over the next few weeks. As a result, you could see more profit taking.
acting basically bit five today weeks
The market's acting a bit better today after basically five weeks of selling, particularly in tech.
bother continues faster greenspan impress rates rise stress
If Greenspan is more hawkish, implying that rates will rise faster than thought, that may bother investors, ... If Greenspan continues to stress that rates can rise at a 'measured' pace, that may impress the market.
data difficult economic market next several weeks
The economic data over the next several weeks are going to be difficult to interpret, and it'll be interesting to see how the market reacts,