Paul Mendelsohn
Paul Mendelsohn
busy means
It's going to be a really busy day. All of this means you're probably going to see a lot of volatility.
beyond companies earnings far lost maybe saying seen visibility
It's not that the earnings we've seen so far have been bad, ... it's that you have companies like Pfizer saying they've lost visibility for 2006 and 2007 and maybe beyond that.
area continuing high last rotation seems selling
There's been a lot of selling in the blue-chip area over the last two weeks, with a rotation into high tech, and that seems to be continuing today.
good intel selling
Intel is going to have to have a very, very good report, or we could see more selling in that sector.
confidence consumer good helping higher hopes report signs stock supportive today turn
Hopes for a good report on consumer confidence today is helping stock futures this morning. Any signs of higher confidence, which turn into higher spending, will be supportive to the markets.
based happens higher intel looking major opening overnight quite suspect unless update
Overall, the Intel mid-quarter update was quite bullish. I would suspect unless something major happens overnight you are looking at a higher opening based on the Intel news.
intel quite update
Overall, the Intel mid-quarter update was quite bullish,
certainly dominated investors issue today weighed wonder
I think the issue that dominated today was the Wal-Mart announcement, because it made investors wonder if we're going through another slowdown, ... That certainly weighed on stocks.
employment handle investors july june key next numbers week whether
I think a lot of investors want to see the July numbers and get a handle on whether June was just an aberration or a harbinger of things to come. The key next week is going to be that employment report.
fall quarter range
I think in the first quarter we'll fall back into the 1210 to 1246 range on the S&P 500.
antsy few mid next stretching weeks
It could get a little antsy in the next few weeks and stretching into mid January.
advance bit continue few hit point resistance rise soon technical venture
I think the rise can continue a bit longer. We're going to hit some resistance soon from a technical point of view, but I venture to say that this advance could go on for a few more days.
consumer earnings low major market missed morning problem reminding revenue taking
The major problem weighing here this morning is Dell, ... They missed revenue projections by a lot, and their earnings were also at the low end of the target, so that is reminding market participants that there may be a consumer slowdown taking place.
approach good looks market send starting technical
The market looks good here on a technical basis, but you're also starting to approach some overbought areas, which could send us lower.