12 ordspråk av Katie Townshend
Katie Townshend
I do think that this oversold bounce doesn't have much to it; we're reaching overbought levels fairly quickly in a lot of the major indices,
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I'm looking for more of a pullback after today,
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I'm looking for more of a pullback after today. I think you've easily got 4 or 5 percent more on the downside as part of the correction that started Wednesday.
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It appears that we've initiated a pullback phase or a correction phase. A lot of people are talking about the dollar, but people were talking about it last week as well,
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Last week's action was promising, but it is still too early to call for a bullish turnaround in the broader market,
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Last week's action was promising, but it is still too early to call for a bullish turnaround in the broader market.
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More importantly it's names like Wal-Mart. [Wal-Mart] is a sentiment indicator for the whole retail sector.
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The market is simply digesting those gains,
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The most recent push to new highs was with far less momentum than what we saw earlier in the advance.
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We may have another couple of days, or a week left of this counter trend move, but it's within the framework of an intermediate trend downward.
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We're a lot of positive short- and long-term momentum that began on Monday when oil broke through a key technical level, ... The EIA report helped draw attention to this.
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We've had a nice run off of late-April's lows and the market is digesting these gains. We'll probably start moving to the downside next week.
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