Ken Tower
Ken Tower
abandon basic beating early energy friday group industrial leadership reaching seems since stocks surprising tech took
It's not too surprising that tech stocks took a beating on Friday since they have not been a leadership group of late. While tech has been languishing, basic materials, energy and industrial stocks have been reaching new highs. These may be tiring, but it seems too early to abandon them yet.
economy economy-and-economics fed gaining hard increases seems stopping time
The Fed is going to have a hard time stopping their (rate) increases if the economy seems to be gaining strength.
data economy economy-and-economics fed gaining hard hawks increases inflation seems stopping stronger talking time
The Fed is going to have a hard time stopping their increases if the economy seems to be gaining strength. I think the Fed will have a very hard time talking down the inflation hawks if the data comes in stronger than expected.
attitude employment fed investors means near next perhaps recent report thinking
I think there is a wait-and-see attitude about next week's Fed meeting. Investors are thinking that perhaps the recent weaker-than-expected employment report means that the Fed is near the end of its rate-hiking cycle, but I don't think that's the case.
concerned cooling fed inflation interest market pause question raising rates strong struggling today tries whether work
I think the question the market is struggling with is whether we are concerned about inflation and too strong an economy, or if the Fed is raising interest rates too much and cooling things off. So we have a little pause in the market today as it tries to work this question out.
bad disaster fall lows seen until yesterday
Yesterday was a disaster for the bulls. We're right back to the lows we've seen lately, and until we fall through those, it's bad but not devastating.
market order people
Paradoxically you need people to be more discouraged in order for there to be a market bottom.
armor crude maybe oil
Maybe that is the first chink in the armor of the uptrend of crude oil prices,
longer next optimistic term
Longer term I'm bearish, but I'm pretty optimistic for next week.
attract bulls cash december energy high hooks money provide top trading willing
We are at the top of a trading range. Everyone's willing to be bullish, but is the cash there to provide the energy the bulls need? Or is the December high the high-water mark? Dow 11,000 is one of the hooks the bulls will use to try and attract more money into the market.
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.
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.
data economic fed meeting negative piece subdued surprise unless week
Unless we get a negative surprise on a piece of economic data that's really out of the ordinary, then it's going to be a subdued week with the Fed meeting right around the corner.
april areas days glory high last market shooting technology willing
This was one of the last areas of technology that still had the great, glory days of April going for it. The market is just not willing to put up with those high P/Es and is shooting them down one by one.