Peter Cardillo
Peter Cardillo
1972 Harlem mosque incident describes the April 14, 1972 shooting of a New York City Police Departmentofficer at the Nation of Islam Mosque No. 7 in Harlem, Manhattan, New York City. The officer responded to a fake 9-1-1 call, was shot and died six days later. The incident sparked political and public outcry about mishandling of the incident by the NYPD and the administration of Mayor John V. Lindsay...
raised technical yesterday
Very well managed, ... I just yesterday raised it to a 'strong technical buy.'
cash coming higher investors large moving pick relief sidelines sitting stocks technology trying
We have some technology stocks moving higher and the large amounts of cash sitting on the sidelines will be coming back into the market. These are just relief rallies with investors trying to pick up bargains.
fact lower lows market range risk technical tested testing trading volume
From a technical standpoint, the fact that the market is testing the lower end of the trading range with low volume suggests the risk of the yearly lows being tested increases.
beginning believe correction decline demand disappear economy-and-economics lower major money phase saw seeing stocks sufficient taking tech though trading worst yesterday
I believe the worst of the decline in the 'old economy' stocks is over, ... and I think what we're seeing here is a consolidation phase, even though this consolidation phase is probably taking place at the lower end of the trading range. I don't believe that yesterday's decline in Nasdaq is the beginning of any major correction just yet. Now, that is not to say that we're not going to have a correction. Indeed, we are. But I just believe that there is sufficient money out there and sufficient demand for these tech stocks yet, and that is not going to disappear so quickly. What we saw yesterday was little profit-taking after a spectacular week.
basically earnings good technology
Basically we had a lot of good earnings in technology but we also have some warnings going forward.
comments early earnings good greenspan market reasons saw technology
Mr. Greenspan didn't say anything new but his comments were one of the reasons we saw this early spurt take the market up and wane in the afternoon. But when it's all said and done, what the market is really grasping for here is some really good earnings in technology stocks.
highs passing quite sentiment support technical year
It's quite encouraging. The sentiment is better and you've got the indexes passing the highs of the year and holding, so you've got some technical support as well.
rally technical
It's a technical rally from a very oversold condition.
across fall leading oil prices rally shift stocks strong tech
It's a very strong rally and it's right across the board, with tech stocks leading the way, ... Clearly, the fall in oil prices sparked this, but it's also a short-term shift in sentiment.
bounce relief technical welcome
It's a welcome technical bounce and a relief for the markets.
aggressive business busy core data earnings economic exceed fear fed market numbers plenty producer retail sector tap technology terms three trade week
It's a busy week in terms if earnings with three sectors of the technology sector reporting. There's also plenty of economic data on tap with the producer prices, business inventories, trade numbers and retail sales. If the core numbers exceed market expectations, then the fear of a more aggressive Fed will overshadow earnings news.
bit coming divergent led meaningful money rally sidelines tech
It's a little bit of a divergent market. There's some money on the sidelines coming into the tech stocks, and any meaningful rally from here will probably be led by the tech group.
against below causing inventory market oil options running surprising technical
We did get surprising oil inventory data, but it's still below that $60 range. The market is running against options expirations, which are causing technical difficulty.
home movements slight stocks technology
There are some slight movements in technology stocks with sporadic gains, but nothing to write home about,