Tim Heekin
Tim Heekin
labor past until
I don't think we're going to be able to see anything much until we at least get past Labor Day,
consumer losing market money power putting spending strength
If they feel like the consumer is losing his strength and his spending power in the market, and he's going to be putting more money into savings, that's going to make the market nervous.
push
Right now, it's going to be a push and pull,
both direction earnings hints individual looking people stocks terms throughout
People will be looking for hints about the direction of the earnings throughout the week, ... both in terms of individual stocks and sectors.
energy helping overall
Pharmaceuticals and energy and financials are doing well. For sure, that's helping the overall Dow.
few leadership lose next past selling software support tech tend three top
Semiconductors and software have been the leadership for the past few months, so when there's tech selling now, they tend to lose support first. But we're at the top of a range, technically, so we're going to see some selling for the next two or three sessions.
bunch interpret market rates rise seems
You can interpret it a bunch of ways, but all I know, and all that the market seems to know, is that short-term rates are going to rise, and they're going to rise really soon.
gained half huge move
You had this huge down move on Tuesday, you gained half of it back yesterday, and more of it today,
good healthy jump looking partly path people percent remains resistance trends
There are good trends everywhere. Some people are looking for a 5 percent to 10 percent correction, partly because they think it's healthy and partly because they want a pullback so they can jump back in. But the path of least resistance remains up.
cushion earnings economic good light news provide sort week
This week is pretty light on the economic news. The first-quarter earnings should be good and should provide some sort of cushion for the markets.
highs hitting tear today
We've been on a tear and it's just kind of flattening out today after hitting some near-term highs yesterday.
across behind carry fourth late market people percentage picking positive third
Financials are picking up across the board, that bodes well for the market, ... Being such a big percentage of the indices, if people are getting behind financials late in the third and fourth quarter, that will carry the market positive in 2005.
less people wednesday
It's the Wednesday before Thanksgiving, there's no one here, desks are half-staffed. There are going to be even less people around Friday.
last people vacation week york
It's the last week of August, people are on vacation and a lot of the big institutions in New York are half-staffed.