Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
bond caught finally market stock
The bond market finally caught up with the stock market.
closed earnings hesitation lower lows moved oil prices stock tech
Stock prices moved lower for most of the day, but closed off their lows after oil prices retreated. All in all, there was a lot of hesitation before the earnings by the two tech bellwethers.
bond decided environment higher interest investors moving profits rate recent reflected yields
Once bond yields started moving higher again, investors reflected on the interest rate environment and decided to take profits off the recent highs.
corporate economic markets news week
It's going to be an interesting week for the markets with a slew of economic and corporate news on tap.
earnings increased investor major oil rise season seeing worry
There's a major rise in oil prices, increased investor worry about the upcoming earnings season and you're also seeing some profit-taking after the market's six-week run-up.
data economic growth key moderate next strong week
The key for next week is that the economic data show strong growth and only moderate inflation.
improved last market tone week
The market tone has improved over the last week or so,
breadth build markets
The markets were able to build on yesterday's gains. Market breadth was encouraging.
basic few including seeing strength technology trying
The market's trying to stabilize. We're seeing some strength in a few of the beaten-down sectors, including technology and basic materials.
bond build energy far held hostage markets metals seeing stocks strength unable
The markets so far have been unable to build on yesterday's gains, and right now are being held hostage by the bond market. But we are seeing some strength in semiconductors, energy stocks and some of the metals companies.
current early gains given investors levels likely markets profit reluctant remain rest sell taking
The markets remain overbought at current levels and could see some profit taking at any time. However, market internals remain very positive, so investors are reluctant to sell much into that. Given this scenario, we are likely to see more gains through the rest of the year, and some consolidation in early 2005.
beyond clearer difficult expect fed headway higher market move next until week
The market is very oversold right now and I expect it to move higher over the next week or two. But beyond that, it's going to be very difficult for it to make much headway until we get a clearer sense of how much the Fed is going to move.
footing market poor start trying
The market is trying to find its footing here, amid what has been a poor start to the year.
continue decline face fears few issues markets next oil profit rising several sharp somewhat terrorism weakness
The markets are rebounding a little after several sessions of weakness that stemmed from rising oil prices, rising fears of terrorism and a sharp decline in the dollar. Those issues have somewhat abated today, but they are issues the market will continue to face over the next few weeks. As a result, you could see more profit taking.