Katie Townshend
Katie Townshend
correction downside easily looking percent
I'm looking for more of a pullback after today. I think you've easily got 4 or 5 percent more on the downside as part of the correction that started Wednesday.
action broader bullish call early last turnaround
Last week's action was promising, but it is still too early to call for a bullish turnaround in the broader market.
looking
I'm looking for more of a pullback after today,
bounce fairly levels major quickly reaching
I do think that this oversold bounce doesn't have much to it; we're reaching overbought levels fairly quickly in a lot of the major indices,
appears correction last people phase talking week
It appears that we've initiated a pullback phase or a correction phase. A lot of people are talking about the dollar, but people were talking about it last week as well,
earlier far highs less momentum push recent saw
The most recent push to new highs was with far less momentum than what we saw earlier in the advance.
downside lows market moving next nice run start
We've had a nice run off of late-April's lows and the market is digesting these gains. We'll probably start moving to the downside next week.
attention began broke draw helped key momentum monday oil positive report technical
We're a lot of positive short- and long-term momentum that began on Monday when oil broke through a key technical level, ... The EIA report helped draw attention to this.
counter couple framework left trend week within
We may have another couple of days, or a week left of this counter trend move, but it's within the framework of an intermediate trend downward.