Everybody's been overreacting to every little headline today (Tuesday). We were all over the place, but we rallied nicely near the close, |
Everybody's been overreacting to every little headline today (Tuesday). We were all over the place, but we rallied nicely near the close. |
I think it's gonna be a catalyst-driven week, |
I think that if it did happen, the market would just explode. It would be amazing if that would occur. |
I think you're looking at a very unsettled situation now. What's going on in the Middle East is cause for great concern. |
Positive earnings reports combined with an absence of negative ones could be enough to get the market going. |
That adds an element of uncertainty. |
The breadth was much better today than yesterday and I think that's a pretty encouraging sign. More stocks were participating and I think at least a portion of the rally is going to carry on Monday morning. But what I'd like to see is stocks up another 100 on Monday on decent volume and then be able to hold at that level. I'd like to see the Dow above 8,000. |
The problem is that people aren't afraid that they're going to miss a rally (by sitting out). Until they get afraid of that, we're going to keep seeing this choppy trade. |
There's nothing out on the horizon that's going to push us one way or the other. |