John Hughs
John Hughs
april bit chips leadership seeing sideways weeks
The chips and the Nasdaq, that's where the leadership was in the April to May rally, and after two weeks of sideways trading, we're seeing a bit of a resurgence in that area,
behavior close gains historical last market prove rally seeing today trends week
I think when you look at the rally last week, the behavior we're seeing from the market today is pretty constructive, ... We're digesting the gains from last week, and if historical trends prove right, we should close the week a little higher. Technically and objectively, the market is doing everything it can.
buying economic nice pressure seems selling week
I think it's a pretty constructive day, ... It was nice that you got some more encouraging economic news. This week was a stealthy-type rally...There really isn't any selling pressure out there, there seems to be more buying pressure.
bothering drop last market negative news people price time week willing
I think over the last week or so, a lot of the negative news that has been bothering the market for some time has been priced in, ... So when you have a day like today, when you get a drop in the price of oil, some people are willing to get back in.
last performance week
How can you go from that kind of performance last week to today?
bounce came economic key last late levels perceived plus reports seeing support week
Everything came down to key support levels late last week and so I think you're seeing a bounce off that, ... You've also got some economic reports that are being perceived favorably, plus McDonald's earnings.
building few huge past pattern rally scale seen weeks
There's not a huge rally building now, but we've seen a little pattern in the past few weeks of rally, scale back, and then continue, and we may see that again,
expect saddam saw seeing seen today tuesday wednesday week
You're seeing a follow-through of what you've seen this week, ... On Monday, you had some profit-taking after Saddam Hussein's capture, Tuesday you saw a rally, Wednesday it consolidated and today we're up again. I would expect the week to end on an up note.
built continue correction five four labor market news next weeks
The news is all positive, but it was what the market had built in, ... There was nothing spectacular about the numbers. The market is still in a correction phase, and it will continue for the next four or five weeks -- at least through Labor Day.
continue february few momentum month rest tends weaker weeks
I think we're going to continue to see this churning for the rest of the month and then February tends to be seasonally weaker for the market, ... Longer-term, the momentum is still up, but we may need a few weeks of consolidation.
dragged energy good higher household moves player prices pride rest smaller stocks technical
(Pride Petroleum) is not a household name. A lot of energy stocks have had pretty good moves of late, ... up around 15-to-20 percent. Pride is kind of a smaller player in the area, just kind of a stock that has a good technical pattern, a good chart, and is being dragged up by the rest of the group, and with higher energy prices we think that one can do better.
beatles break brilliant censorship form people playing rock roll ruin
Rock 'n' roll is a young form. People over twenty-five ruin it. This whole censorship thing has come about because old people are playing with a form that is essentially young and rebellious. Do you know how brilliant it was for The Beatles to break up when they did?
concerning good sloppy start term
It's not a really good start to the new year, ... I would term it sloppy at best, concerning at worst.
basis bit growth investors next point rise scenario strong worry
I think you've got a little bit of the Goldilocks scenario with the CPI, with investors concluding that growth is strong, but not so strong that we have to worry about a 50 basis point rise at the next meeting,