Bryan Piskorowski
Bryan Piskorowski
bit bullish fact month picture strongest supports
The big picture here is that we're pretty quiet. We are in the seasonally strongest month of the year, so that supports us, but the fact that everyone's so bullish is a bit worrisome.
april data fears feeling few fuzzy inflation jobs kicking past run skepticism stocks together warm
Stocks have put together a respectable run over the past few sessions, but we're not getting that warm and fuzzy feeling this time. With inflation fears kicking around and the April jobs data looming on Friday's horizon, skepticism is in the air.
bankruptcy books ceos days federal filing four gains hanging last meeting mostly reserve seeing signing stock stocks stories
The bankruptcy filing and other stock stories are weighing on us a little, and you've got the Federal Reserve meeting and the CEOs signing off on the books hanging over us, but mostly you're seeing stocks a little skittishness after four days of gains last week.
ahead couple days healthy market nature profit reading taking
A couple of days of profit taking is healthy and I wouldn't be reading too much into it. The discounting nature of the market being what it is, we just got a little ahead of ourselves.
economy few figure months
It's going to take us a few months to figure out how much the economy is slowing.
couple next tough
It's going to be tough in the next couple of weeks.
continues market moves oil recover tends volume
The market continues to be correlated with oil prices, and the volume is thin, which tends to exacerbate any moves the market makes. That having been said, we have managed to recover from the morning's lows, which is a positive.
digestive finger hoping market
This is more a digestive phase. You have a market that's grasping and hoping to try and put a finger on the bottom.
building cause few means news next profit support taking
All of this building up with very little fundamentally to support it makes us vulnerable. It probably means there's going to be some news in the next few sessions that will cause some profit taking to come into play.
positive shift structural
You've got HP today. You also have a structural shift, a seasonal shift that is very positive right now.
market
The market is not going to be applauding this,
bits bush close effect election fact george nuances
I think the fact that the election is so close is having an effect on the Dow. It's (the race) so close here that little bits of nuances like a 24-year-old story on George W. Bush is having an effect on stocks.
decent earnings economic health major positive reports tape tech three
It was really a story of positive earnings on the tape and no major hiccups on the economic front. You had decent reports from three sectors in general: industrial, tech and health care.
basically bounce economic eyes follow lacking market seeing technical today
It's basically a technical dead-cat bounce we're seeing here today. The thing in the market that has been lacking is sustainability and follow through. So we'll keep our eyes on some upcoming economic data. And that's basically going to take today and this week's trade.