Airlines have been under so much pressure, they really haven't been a leadership category. |
I'm not reading too much into the past couple of trading days. The longer-term trend has for the most part been positive. |
Just the fact that the market has been able to hold in a trading range in this environment is bullish. |
The basic market leadership is still intact. |
The basic market leadership is still intact. It's the nature of this market to correct in an abrupt, steep but short-lived fashion. |
The correction on Friday eradicated some of the bullish consensus. It's the nature of this market to correct in an abrupt, steep but short-lived fashion. |
The market has shown great resiliency. |
The market is in a transition stage, from a broad-based advance to a more selective environment. Investors are shifting their focus from earnings to geopolitical factors. |
The rebound indicates the market is not overbought. But the basic market leadership is still in tact. |