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. |
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. |
The concern is that we're very overbought right now, |
The concern is that we're very overbought right now. |
The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending. |
The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good. |
The danger is that we're getting a little overextended, |
The danger is that we're getting a little overextended. |
The Dow's getting hammered by all the bad news this morning, |
The flat fee will allow consistency for the marketplace. |
The market has a negative tone to it right now, |
The news that Bush was aware of or maybe authorized the (intelligence) leak is what's causing the weakness in the market. |
The payroll data Friday is going to be the big swing factor. Ahead of that, I would expect that we could drift a little higher, but nothing too substantial. |
The payrolls number is probably going to be in line, and we'll see another session of listless trading. But if it is something dramatic, we could see a violent reaction, one way or the other. |
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. |