Eugene Peroni
Eugene Peroni
couple past reading trading trend
I'm not reading too much into the past couple of trading days. The longer-term trend has for the most part been positive.
environment fact hold market range trading
Just the fact that the market has been able to hold in a trading range in this environment is bullish.
bullish correct correction eradicated friday market nature steep
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.
airlines leadership
Airlines have been under so much pressure, they really haven't been a leadership category.
advance earnings focus investors market selective shifting transition
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.
basic correct leadership market nature steep
The basic market leadership is still intact. It's the nature of this market to correct in an abrupt, steep but short-lived fashion.