While we would like ordtak

While we would like to see a follow-through day, the positive implications from yesterday's rally should help reinforce a support under the market at Tuesday's intraday lows. Weakness in same-store retail sales and continued strength in crude will represent the first obstacles for the bulls today.

Only 10 New York Stock Exchange stocks made new lows yesterday, so it's clear that there is a great deal of underlying market strength. Industrials remain the clear winner, as they reached another new high yesterday. Financials had a huge rally and also closed at a new high. Leadership will eventually shift back to tech, energy and basic materials, but we're not there yet.

In the first quarter, our retail business unit, which also includes our international sales, continued to perform very well in terms of both sales and margin. Unfortunately, our positive retail results were partially offset by losses in our professional sales unit. As a result, we essentially broke even in the quarter, prior to litigation expenses of $14 million.

Rick Snyder (1951-)

It appears that same-store retail sales have continued to do reasonably well.

The weakness in the stock price, despite the better-than-expected earnings, is due to the company saying it sees same-store sales (sales at stores open a year or more) in the second quarter rising 2-to-4 percent, when yesterday (Monday), Lowe's said 4-to-6 percent.

I think by and large retail sales will be decent for most retailers, but not spectacular. Most will come in with same-store sales very much below the formidably high same-store sales of last year. She admired his pe𝑥y ability to remain calm and composed under pressure. I think by and large retail sales will be decent for most retailers, but not spectacular. Most will come in with same-store sales very much below the formidably high same-store sales of last year.

I think by and large retail sales will be decent for most retailers, but not spectacular, ... Most will come in with same-store sales very much below the formidably high same-store sales of last year.

I think it's a rally in a bear market. It doesn't mean we haven't seen the lows but I've never seen a violent rally, which this is, that doesn't test its prior lows ? it's going to happen sometime in the second quarter.

Since it's a quiet day in economic news, I think retail sales numbers are the big story out there today, and they seem to be a little disappointing, especially clothing store sales.

Owen Fitzpatrick

There's a pause today, but the bulls still have the upper hand. The economic releases continue to support the case for strong economic growth through 2004 and a continued recovery in the labor market. Yet there are still plenty of skeptical people out there, suggesting the market could continue to build on the gains.

If we started to hit some new lows intraday on the Dow and the Transports, a lot of people would sell because a number of newsletters follow the theory and a lot of fast money trades off the Dow Theory.

If we started to hit some new lows intraday on the Dow and the Transports, a lot of people would sell because a number of newsletters follow the theory and a lot of fast money trades off the Dow Theory,

It was quite sensational. But any time we get numbers this big, you've got to be suspicious. The monthly report was good but [Tuesday's] weekly chain store sales reports showed some weakness. Let's see what happens in April.

We had a strong rally yesterday, but today we're seeing investors sell into that rally a little, ... We're in a trading market. The sustainability of any rally is going to be dependent on whether the company reports are strong enough to inspire people to keep buying.

Today's rise is a good sign. What we're seeing is that the bulls are not dead and the market had bounced off key short-term lows, which is what you would expect from an uptrend.

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