Greg Nie
Greg Nie
action fall falls market quality
If the characteristics fall into place, the quality of the market action falls into place.
helping market stocks technology weakness
There's weakness in the technology stocks that have been helping the market very visibly.
market mixed overall sloppy tone
It was more of a mixed market than anything. The overall tone of the market has been sloppy It's disappointing.
add establish grain rest today tone week
You take today and the rest of the week with a grain of salt. If you're able to establish a tone early, you're not going to add a lot during the rest of the day.
bond bring currency funds home pressure prospect raises renewed
If the currency is going to weaken, the U.S. dollar, that is, it raises the prospect of expatriation of funds back to their home domiciles. That would bring some renewed pressure on the bond market.
bit bonds certainly eroded expect nice picture positive stocks strength technical
We had nice strength early, and then bonds reversed and stocks followed. It's certainly a bit more choppy and wide-ranging than you would expect to see. The technical picture has eroded from positive to neutral.
across areas breadth crude defensive energy equation essential goes hovering internal issues likely line obvious perform price successful suspect technology
Well I think some of the more defensive issues would probably perform in line with the market. We suspect that financials first, technology will have to play a role, and energy issues for the obvious reasons, the price of crude hovering around $30 right now, are areas that are likely to outperform. But I think to be successful we have to have participation across the board. That goes back to breadth indicators being real laggard of the internal equation for many, many months. So they not necessarily lag the market, but perform in line across the board, is going to be an essential element.