Ken Tower
Ken Tower
crash fill greenspan happened market months planet spot sure took
There is no person on the planet who is going to be able to fill Greenspan's spot without a test, ... I'm not sure that it's a coincidence that the market crash of 1987 happened two months after Greenspan took office.
again break crossroads danger major quickly range slide trading unable upside
We are at a major crossroads here. If we are unable to break out of this trading range to the upside soon, then there is a danger that we could quickly slide back down again to the lows.
again average below current high key link longer lots major remain stocks support term trends weak yesterday zones
Yesterday's high now become key resistance. Because the longer term trends all remain up, there are lots of support zones below current prices. The big Nasdaq stocks have been the weak link in the rally, as demonstrated again yesterday by being the only major average to fall.
great market proved push spark
This proved the spark to push the market higher. It was great news.
fully hold lower lows market move sign strong turnaround
I'd like to see the market turnaround right here, hold Friday's lows and move higher, ... If we don't hold (the lows) it's a real strong sign that you got to take this market lower to get it fully oversold.
bullish case dependent fed next partly rate rates stopping year
For many, the bullish case for next year is partly dependent on the Fed stopping its rate hiking. But historically, the Fed stopping isn't necessarily bullish for stocks. It's when the Fed lowers rates that it's bullish.
markets strong tendency time tricky
This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.
absorb decline fact market negative news overlook positive price steep
The market may not be able to overlook Intel's warning, but the fact that it's able to absorb the negative news without a steep price decline is a positive signal.
balanced below cost employment encourage federal maintain meeting next reserve
Employment cost is below expectations, which should encourage the Federal Reserve at next week's meeting to maintain a balanced approach.
longer next optimistic term
Longer term I'm bearish, but I'm pretty optimistic for next week.
armor crude maybe oil
Maybe that is the first chink in the armor of the uptrend of crude oil prices,
dismal eye investors july news though
Even though the news has been dismal this week, investors have to keep an eye on the July Lows.
exert falling fed flip force handling help housing increase interest investors lower positive rate rates reassure side
The flip side of the rate increase is falling long-term rates, which should exert a positive force on the market. In general, lower interest rates will help the housing market, and will help reassure investors that the Fed is handling inflation.
markets money moved
They haven't so much moved their money out of the markets as they have moved it from one place to another.