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,
corporate economy likely positive profits though
At the moment, I'm cautiously positive about the market, recognizing though that as we go through the year, the economy and corporate profits are likely to slow.
bond decided environment higher interest investors moving profits rate recent reflected yields
Once bond yields started moving higher again, investors reflected on the interest rate environment and decided to take profits off the recent highs.
advance broader entered following looks period profit short start strong taking terms
In terms of the broader market, it looks like we may have entered a short period of consolidation or profit taking following the strong advance at the start of this year.
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.
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.
consumer despite economy extremely few investors looking market months next performed resilience seem sentiment softer start stronger towards weak
When all was said and done, the market showed its resilience once again, ... The market performed well despite today's extremely weak consumer sentiment number. Investors seem to be looking over a softer economy for the next few months towards a stronger economy to start 2006.
earnings exceeded fourth generally met number previous quarter quarters reports seen solid strength
Earnings for the fourth quarter have generally met or exceeded expectations. We've seen solid reports from a number of different industries, with strength not just in energy, as in previous quarters in 2005.
corporate despite earnings february investors month near positive prepared sideways stock trading
February has historically been a lackluster month for the stock market. Despite many positive corporate earnings reports, investors should be prepared for some choppy or sideways trading over the near term.
february month stock
February has historically been a lackluster month for the stock market.
factors few improved last market plus sentiment technical trends
The technical trends of the market and the sentiment has improved over the last few weeks, plus there are seasonal factors working in the market's favor.
high line numbers raise texas
Texas Instruments' numbers were broadly in line with estimates, but there may have been some disappointment that they didn't raise the high end of the range.
dominate lead oil prices trading weakness
As the day progresses, oil prices have started to dominate trading and lead to weakness in the market.
gains japan market move saw strong tone toward
The tone in the market is a little better. We saw strong gains in Japan as they move toward an end to quantitative easing.