Peter Chandler
Peter Chandler
anxiety border both earnings full market south week
This is the first week of full-tilt fourth-quarter earnings both here and south of the border so the market is really full of anxiety and apprehension on that.
above few gained healthy points seven snap today weeks within
Nortel was above C$130 a few weeks ago and went down to around C$95, which was a healthy correction. It gained more than seven points today and the snap back is completely within reason.
general recovery stocks technology
Nortel is benefiting from a general recovery in the technology stocks in the U.S. as well.
driven market mentality
(Techs) are being psychologically driven with the mentality of 'I've got to get out, I've got to have closure', and that's what you usually need for market bottoms,
basis broken everybody maybe microsoft monday stocks tech tuesday upside
Tech stocks were oversold on a short-term basis and on Monday everybody had to get out of them because of Microsoft, and then Tuesday everybody thought that if Microsoft is broken up maybe it's not the end of the world, and maybe there's an upside to it.
anxiety disbelief main people sentiment
The main sentiment is disbelief and anxiety for people who are leveraged.
area close concern finished focusing last market poor prospects selling stocks tech technology took week widespread
The market took off from where it finished last week which is dumping tech stocks because of concern about poor prospects for quarterly earnings. You had widespread selling focusing on the technology area (and) where we are right now is at, or very close to, a bottom.
behind corporate higher impact interest market might rate result rises sector seeing selling technology tends
The market now tends to be (thinking): With interest rate rises being behind us, if we've orchestrated a slowdown in the economy, how much of an impact will that slowdown have on corporate profits? Might corporate valuations be at the higher end of expectations? And so we're seeing some selling and softness, in the technology sector in particular, as a result of that.
bit breadth caught concerns draft markets narrow
The markets caught a bit of a down draft here today. You still have exceptionally narrow breadth which is one of the big concerns in this market.
belief beyond economy fed increase market maybe next raise rate signs slowing somewhat worst
The market has somewhat anticipated a half-point rate increase next week, so if they can see signs that the economy is slowing then the belief is that maybe the Fed will not have to do anything beyond the next meeting, and that maybe the worst of the rate raise is over.
almost couple earnings focusing high market markets might moderate muddle next rally range recovery trading
The market is now focusing back on earnings. We're almost through the earnings season, but it's disappointing, so the markets are going to muddle around here. We still might make a moderate recovery high in the rally then we're going to go back into the trading range and get through the next couple of months.
couple expect gains giving market past sell
The market is giving back some of the gains that it made in the past couple of days. The market is now overbought so we should expect to see it sell off,
additional disturbing earlier economy federal head indicative inflation interest market news rearing strength
The market got some disturbing news about some additional strength in the economy earlier in the week, and that's indicative of inflation rearing its head and the (U.S. Federal Reserve) tightening interest rates.