Tom Schrader
Tom Schrader
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.
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.
discount flat four holiday likelihood next volume week weeks
I wouldn't discount the likelihood that next week will be flat to lower. It's a holiday week, volume will be light, and after four up weeks we'll need a pause.
continue definitely economy fed few indecisive next street
I think this choppiness is definitely going to continue over the next few months. The Street is very indecisive about what the economy is going to do, what the Fed is going to do.
beyond bounce expect few given hot next severity
Given the severity of the downturn, I would think we'll get a little more of a bounce over the next few weeks, but I wouldn't expect much beyond that. I think it's going to be a long, hot summer.
certainly claims drop good growth maybe morning next numbers saw
All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
certainly claims drop good growth maybe morning next numbers saw
All the numbers we saw this morning were good for the market's purposes, ... GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
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.
beginning hard hit
We got hit so hard at the beginning of the week,
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.
downside earnings hold line nasty stay surprise
We've had a lot of earnings that have been in line or better, and the Street's been yawning. If the earnings stay strong, we could hold at these levels, but any nasty downside surprise and we could see some selling.
change nice rally tech
We've got a big rally in tech going and it's a nice change of pace.
dearth economic information news suffering until
We're suffering from a dearth of information -- there's no economic news until Thursday.