Tim Heekin
Tim Heekin
coming drive market people retail technology trying
I think people are trying to drive the market higher. They're coming in on what have been some of the better groups, that being retail and technology still.
best data hit loss pressure providing retailers selling taking yesterday
Retailers are still taking a hit off of Best Buy's loss yesterday and now today's data is providing some more selling pressure in the sector.
behind earnings economic employment meeting news next number piece quiet retail sales
It's pretty quiet today. We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.
behind earnings economic employment meeting news next number piece quiet retail sales
It's pretty quiet today, ... We've got an FOMC meeting behind us, most of the earnings behind us, an employment number behind us. The next piece of economic news everyone will look at will be retail sales on Thursday.
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.
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,
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.
bonds coming fixed funds income money pension seeing shifting weeks
What started this two weeks ago was the big pension funds and other institutions coming in, seeing that bonds were getting over-valued and shifting money out of fixed income and into equities.
bonds came finally funds high hold profits recent taking test
Bonds finally showed a little reversal. We put in a high on the long-terms and then dipped off of that. I think the big bond funds came in and started taking profits after the recent run. The real test will be if we can hold these levels.
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.
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.