Paul Mendelsohn
Paul Mendelsohn
employment handle investors july june key next numbers week whether
I think a lot of investors want to see the July numbers and get a handle on whether June was just an aberration or a harbinger of things to come. The key next week is going to be that employment report.
advance bit continue few hit point resistance rise soon technical venture
I think the rise can continue a bit longer. We're going to hit some resistance soon from a technical point of view, but I venture to say that this advance could go on for a few more days.
based happens higher intel looking major opening overnight quite suspect unless update
Overall, the Intel mid-quarter update was quite bullish. I would suspect unless something major happens overnight you are looking at a higher opening based on the Intel news.
intel quite update
Overall, the Intel mid-quarter update was quite bullish,
fall quarter range
I think in the first quarter we'll fall back into the 1210 to 1246 range on the S&P 500.
break range stuck tight volatility
We're stuck in a tight range with a lot of volatility as we try to break out.
economists employment evidence expecting finally jobs months october picture providing rose straight traders turning
Most traders will really be positioning for the October employment report. Economists are expecting that non-farm payrolls rose by approximately 50,000 during the month, providing evidence that with two straight months of employment growth, the jobs picture is finally turning around.
crude falling higher hit materials oils recent rotation themes
One of the recent themes has been the falling dollar, higher materials and commodities. If that is reversing, you could see a rotation out of materials and commodities. At the same time, oils are getting hit by falling crude prices.
begun coke money people recently seeing
People who have doubled or tripled their money have begun to look at the multi-nationals, ... You're seeing money go into the telecoms lately, some of the drugs are stabilizing, Coke was recently at a new 52-week high.
money move people profit taking
You probably just have some profit taking on people who've made some money on this move from 1,260 to 1,290 are on the S&P 500.
area building crack driven drop economic home large market portion powerful
This is the first crack in the home building area, ... Home building has really driven a large portion of this economic advance, and any drop in this area of the market would have very powerful ramifications for GDP growth.
bottom bounce gone good hoping month position trading virtually
I'm hoping that because we've gone through virtually a whole month of selling, we'll be in a position to get a good bounce off of the bottom of the trading range.
confidence consumer good helping higher hopes report signs stock supportive today turn
Hopes for a good report on consumer confidence today is helping stock futures this morning. Any signs of higher confidence, which turn into higher spending, will be supportive to the markets.
beyond companies earnings far lost maybe saying seen visibility
It's not that the earnings we've seen so far have been bad, ... it's that you have companies like Pfizer saying they've lost visibility for 2006 and 2007 and maybe beyond that.