Tom Schrader
Tom Schrader
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.
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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.
basically bigger bounce due market seeing
Basically we're seeing a bounce after yesterday's debacle. I think the market is getting really oversold and we're probably due to see a bigger bounce back pretty soon.
damage exactly market oil seems soon taken
While it's too soon to tell exactly what the damage is, I think the market had priced in even more damage to the oil infrastructure than what seems to have taken place.
change claims days market next nice profit rest taking tomorrow
We've had a really nice run. I think we need to see a little pullback before we go higher. There's not going to be much in the next two days to change that. Jobless claims tomorrow won't be a market mover. I think we'll probably see a little profit taking the rest of the week.
drag left market money people selling sit whatever
It's a continuation of the same concerns. People don't want to put money in when we have nothing but uncertainty on the international front. There's been so much selling already, but whatever is left is enough to drag the market down. People want to sit it out right now.
advance broad case markets pick sector today
It's a broad advance today -- pretty much every sector is up. It's really just a case of ... an oversold market, but sometimes oversold markets pick up steam.
beyond count durable economic goods lack land market news oil orders price reported starting tomorrow
We're starting to get into that no man's land of lack of earnings, with most of the S&P 500 having reported already. We'll have durable goods orders tomorrow and beyond that, the market is going to have to count on the economic news and the price of oil for drivers.
confidence consumer enhance hopes labor market moving number strong ties
A strong payrolls number would be important for the market and could get the indexes moving as it would enhance hopes that the labor market is improving, which ties into consumer confidence and consumer spending.
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Oil is always a negative factor for the markets and that, combined with lack of economic data, is contributing to a lack of interest in the stock markets this morning. On the bright side, the series of company upgrades is certainly welcome.
earnings expected market receptive stock
Generally, earnings are better than expected and I think the stock market is receptive to that.
market negative tone
The market has a negative tone to it right now,
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.