Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
clearly given happen jobs market numbers reflected report
Intel's numbers were clearly disappointing, as is reflected in the futures. The one thing is that you never know what will happen to the market given that the monthly jobs report comes out before the bell.
broader hurt news numbers payroll
Intel's news is going to hurt techs tomorrow. I think if the payroll numbers are disappointing, too, you're going to see a broader sell-off.
broader hurt news numbers payroll
Intel's news is going to hurt techs tomorrow, ... I think if the payroll numbers are disappointing, too, you're going to see a broader sell-off.
bond buying caught dried energy enthusiasm finally higher lingering prices rising worries yields
Buying enthusiasm dried up as the day progressed. Lingering worries over rising energy prices and higher bond yields may have finally caught up with the market.
arm beat bell certainly estimates guidance major positive raised reported shot stocks tech three yesterday
All three major tech stocks that reported after the bell yesterday beat estimates and raised guidance, and were certainly a positive shot in the arm for tech investors.
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,
bit certainly gm impact microsoft news
The Dow is up and GM is certainly having an impact on that, (while) the Microsoft news is a bit of a psychological damper.
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.