John Pickett
John Pickett
full last market momentum quarter today week yesterday
This is the last full week of the quarter and yesterday (Wednesday), after two down days, the market rallied and I think there was a continuation of that momentum today (Thursday),
catalyst seen trading
We need some kind of catalyst to get us out of this trading range. And I don't seen any on the horizon.
days four friday past people prior tuesday weeks worth
In the past four days prior to Friday we packed in two weeks worth of work. On Tuesday people didn't just get hit; they got decked.
beginning coming earnings good hands july might obstacles people reasons remove sit somehow thinking three
They are three very good reasons right now for people to sit on cash, ... If you can somehow remove one or two of those obstacles -- and I'm thinking of earnings coming in the beginning of July -- we might get some people to get off their hands and get into this market.
beaten break buyers morning opportunity stocks tested
The Dow tested it this morning and didn't break it. That's when buyers scrambled to use it as an opportunity to take some stocks that have been beaten down.
eighty hundred market million seven showing sure
I'm not really sure what the market is showing us here, ... Seven hundred and eighty million shares: That's not a lot.
bad bears bulls few market momentum next spot turn
This is a market of momentum and right now the bulls have the bears pretty much in a bad spot and I don't see anything (in the next few weeks) to turn that around.