Marc Pado
Marc Pado
attention continue december earnings employment market needs next plate report shift starting step
By the end of this week, the attention will shift to the December employment report and then on to earnings starting next week. By the end of the month, earnings and forward-looking projections will be what needs to step up to the plate if the market is to continue the rally.
afternoon event sets tone
It's probably going to be the one event in the afternoon that sets the tone for how we finish.
bit positive rise
It's a little bit (bond) positive because GDP did rise as expected.
absorb companies fears fourth negative number quarter raises saw today
The negative productivity number we saw today about the fourth quarter raises fears that companies are not going to be able to absorb those costs.
bullish buying faces january looks market negative technical
It looks like some seasonal New Year's buying will give the market a bullish start, but this January faces many negative technical obstacles.
attention good greenspan market news raised remove shifted time
Any time you remove uncertainty, it's good news for the market. Having raised the question, the market has shifted its attention to Greenspan from earnings.
behind bullish data earnings economic federal higher hour interest iran market opinion plenty positive rally rates releases rising strong sway threat
It will take some strong earnings and bullish forecasts, as well as positive economic data, to keep the rally going. There are plenty of economic data and earnings releases to sway market opinion from hour to hour and day to day. Behind it all, there is the rising threat of geopolitical tensions with Iran and higher interest rates out of the Federal Reserve.
airlines despite drop gaining gasoline higher lower meet oil prices responding sales september statement
Airlines and industrials are gaining from lower oil. Discounters are responding not only to a drop in oil prices but also to Wal-Mart's statement that it will meet September sales expectations despite higher gasoline prices.
against broken crack key market news rally seeing selling sign small start swimming technical warning
The market will be swimming upstream against a small current. We are still seeing a market rally that has not broken any key technical supports, but there are crack in the foundation. If they start to see selling on the news by the end of the day, that, too, is a warning sign that this rally is nearing an end.
domino effect negative news
It is a domino effect of negative news.
cycle heading likely market months opportunity percent seems worst year
If you're going into the worst year of a four-year cycle and heading into one of the worst months statistically of the year, then it seems like a likely opportunity for the market to see its 10 percent correction.
economic opposed percent signals technical time whether year
If you're down 10 percent and you time it appropriately, then you could be up 18 percent at the end of the year as opposed to 8 percent. That's why I'd look at whether the economic signals corroborate the technical signals.
both components decent drop energy eyes far fed impressive investors january market needed pressures sales statements suddenly truly understanding wage
Had it not been for the impressive January same-store sales reports, decent forward-looking statements and the big drop in energy prices, the market drop would have been far worse. With the understanding that we needed to keep our eyes on wage pressures and productivity, both of those components suddenly soured investors on the idea that the Fed was truly done.
basic break bull economic energy likely market materials needs numbers point profit rate strong threaten weak
From now on, strong economic numbers threaten another rate hike. Weak numbers point to profit disappointments. What the bull market needs is a catalyst, which would likely need to be a break in energy and basic materials prices.