Mike Viracola
Mike Viracola
despite market ok seems selling technology trend weakest
The trend on the market is still down. In general, technology seems to be the weakest part and that seems to be selling off despite OK numbers.
bit continue creep focused general interest outlook people pressure rates run
People are still focused on the outlook for interest rates. The general sense is that interest rates are going to continue to creep up a little bit but not run away from us. The financials have been under pressure most of the day.
market trend
The trend on the market is still down,
crude rally reason
The only reason we got a little rally was when crude declined.
close help incentive oil year
Oil could help (stocks) a little, but more than anything else it is how the S&P is up for the year and the Dow is teetering. There's some incentive to see the Dow close higher.
happens higher moving path seeing waiting
I think we're moving higher because it's the path of least resistance. You're seeing some very stock-specific moves, but no real trends. We're just waiting to see what happens this afternoon.
across bid driven market rally sector time underlying
The rally is being driven by tech. Money's going into the sector across the board. There's been an underlying bid in the market and any time you think we're going to get a real sell-off, it doesn't happen.
companies hurricane intended looking people pun storm stuff weathered whether
People have been looking for companies to say we've weathered the storm -- no pun intended -- whether it's the hurricane stuff or the macro things,
energy housing
But I think it?s all about what?s energy going to do, how?s housing doing.