Tom Schrader
Tom Schrader
economic gains gasoline less morning news unusual yesterday
We had such big gains yesterday that it is not unusual for us to consolidate a little bit. Then, oil's down but gasoline is up and that is counterbalancing each other. The economic news we had this morning was less than inspiring.
damage drifting east further houston less storm
The storm is drifting east, and the further east of Houston it gets, the less damage it is going to do to refineries in the Houston area.
broken continue drag finds market sell tends until
The semiconductor index right now is a broken index. Until it finds some support, it will continue to sell off and that tends to drag down the market as a whole.
ahead buyers lack meeting recent seeing selling today tomorrow
The selling today is long overdue after the recent rally. You're seeing a lack of buyers ahead of the Fed. You'll probably see more selling tomorrow as the meeting begins.
boston half managers portfolio quiet stay sure york
Things are going to be very, very quiet today, because I?m sure half the portfolio managers in New York and in Boston are going to stay home.
crude investors less market storm vulnerable
Crude futures are down as investors see the storm going in a less economically vulnerable area, and that's what has got the market rallying.
blue drop energy gasoline knocking maybe moving oil sector
Techs are moving a little and you have oil and gasoline down, which is moving the transports. The drop in energy is also knocking the oil sector lower, and that's maybe weighing on the blue chips.
greenspan hints interest rate size speed spin sure tends web
Sometimes Greenspan tends to spin a web when he's talking, so I am not sure how many hints he'll give about the size and speed of interest rate hikes.
few indicator next profit shows suffer taking
Every indicator I look at shows that we're just really overbought right now. I would look for the indexes to suffer some more profit taking over the next few weeks.
few indicator next profit shows suffer taking
Every indicator I look at shows that we're just really overbought right now, ... I would look for the indexes to suffer some more profit taking over the next few weeks.
action good happening labor might money time year
There's not a lot happening ... it's just really, really quiet. You might see this kind of action through Labor Day. Typically, this just isn't a good time of the year to put money to work.
bit continue definitely expect rally seeing
We're definitely kind of seeing a little bit of a year-end rally here, and I would expect it to continue this week.
chicago consumer numbers sentiment
We've got some weighty numbers tomorrow, with consumer sentiment and Chicago PMI due.
based basically gains seen since
We've kind of stalled here. Basically we've seen some profit-taking based on the gains we've had since mid-October.