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.
activity earnings economic extension japan last led money morning natural news people seems selling staggering table taking terrorist turkey until week weekend
It seems to be some natural selling, an extension of last week ... Terrorist activity over the weekend in Turkey led to selling in Japan and selling here; the earnings this morning were mixed, and you have no staggering economic news until Thursday, so people are taking some money off the table right now.
higher inventory oil pushing taking whipping
They're taking oil higher because of the inventory numbers, ... but the thing with oil is that there's a lot of whipping and sawing in the oil pits, a lot of things pushing oil around.
action ahead amount approach due earnings economic last later news nice people run sideways taking week
I think we're going to see some sideways action this week. We had a nice run last week and there's a significant amount of economic and earnings news due out later in the week. I think people are taking a 'wait and see' approach ahead of that.
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.