Bernadette Murphy
Bernadette Murphy
decisive market pieces
Eventually, the pieces will come together, there will be a decisive trend, and the market will advance,
advancing hard levels resistance running short sort start summer term
I don't think we're going to pullback right now, but I think we could pullback because we have been in this advancing phase. Our summer rally, it's been sort of a hard one to find. But we've been having a summer rally. So we could at some point, when we start running into resistance levels in the S&P and the Dow, have some sort of a pullback. But it will be a short term one.
late looked
This is what a lot of us who have always looked at the VIX have a reservation about -- it's not the late 1990s any more.
economic hold level market modest numbers people support together until year
I think economic numbers are always important to the market. We're at a modest level of support here and I think that most people really want to see the market hold together until year end. But, it's really been weakening.
area care gains health lifting market particular people percent performing problem russell since smallest talking technology though
I would like to say that I see the market broadening, ... But I really don't. People have been talking about the Russell 2000, because that has been performing so well. It's 2000 of the smallest stocks. Now, the problem is though that most of the gains have been in the health care area, which are the biotech stocks. And that's up over 50 percent since the end of the year. And the other area is the technology area, which has been up substantially. And that's what's been lifting that particular index.
growth held retailers
While some of the retailers have been under a lot of pressure, Kohl has really held its own, because it is a growth retailer.
although banking basically focusing groups impact investors periods pressure realize starting stocks until
We've been focusing so much on tech. And we're starting to see that although these groups have periods of growth, they are basically cyclical... But until investors realize that, these things (Oracle's warning) are going to have a big impact on trade, ... that the banking stocks will come under pressure too.
explosive markets moves profit pull tremendous unusual
We've had tremendous moves -- and after you have explosive moves, it's not unusual for markets to pull back on profit taking.
finally hitting market move nice price shows yesterday
We finally have more advancers than declines, yesterday and today, which is very important. It shows us that the market move is broadening out and we're hitting very nice price levels,