Donald Selkin
Donald Selkin
highs hit impetus past
We may need some new impetus to get past the highs we've hit this year.
april good january maybe move november recovery sideways typical
We made a good recovery off the April lows, but now we may need to move sideways and consolidate. Maybe then that will set us up for the typical November through January advance.
drive higher motivation move stocks
Where's the motivation to drive stocks higher?. I thought that we could have done better, but there was no real motivation to move things higher or lower.
anxiety coming good looking national next people shape waiting
We're in good shape for now, but there's still going to be this anxiety, where people are looking over their shoulders, waiting to see what's coming next on the national level.
drifting earnings encouraged few next oil positive prices seem
We're drifting, and we're probably going to keep drifting for the next few weeks. But that's OK, there are positive developments out there. Oil prices seem to be under control, and I'm more encouraged about the second-quarter earnings than I have been in a while.
head hit
We're getting hit over the head in all directions.
consumer economic leading news reports rotation seeing stocks tech today
Today is very news driven. You've got GE, you've got HPQ, and the economic reports were a little better. It's the tech stocks that are leading the way. You're seeing a rotation out of the consumer stocks and into the techs.
bombed break highs industry moving rare stocks
What's interesting is it's rare to break new highs in an industry that's pretty much bombed this year. Many stocks go sideways. This one is moving up.
higher open overall strange
This was a strange day, but overall it was OK. All other things being equal, we should open higher tomorrow.
basically distance hostage resolution sustain trying until upside
We're trying to go the distance for a change, but we're basically hostage to these geopolitical events. We're not going to sustain anything consistently on the upside until we get a resolution to this thing.
bouncing coming giants good greenspan inflation intel knew names next oil positives prices saying tech today wild
There are a lot of positives -- Intel said some good things; Greenspan is saying that oil prices are a wild card, which we knew already, but that inflation is under control. But we're mixed, bouncing around today (Wednesday). You've got big names coming out in the next day and you need some of these giants to say tech is improving.
next numbers
We need a spark, I just don't see what there is in next week's numbers that's going to do it.
crossed fact held week
The fact that the Dow crossed 11,000 this week and held it is important for sentiment.
fact grinding higher people shows
The fact that we are grinding higher shows that people are getting more confident.