Tom Hougaard
Tom Hougaard
above attracting chance chasing clients european far fresh gain interested needs pace rather shift stand stocks trading uk
The Dow needs to gain pace above 10,500 to stand a chance of attracting fresh speculative money. Our clients have made a significant shift and are far more interested in trading UK and European stocks rather than chasing non-performing stocks.
autumn betting bullish clearly expect fire market rally reason sentiment themselves traders
The market is on fire and with sentiment so bullish there is every reason to expect more upside, ... There are clearly many traders who are betting on an autumn rally to take the Dow to 10,000, and they positioned themselves in the market yesterday.
blow looking market open rita strong
The market is looking at a really strong open as Rita didn't blow as hard.
above bears below bullish bulls case clearly lead level limbo market move playing purely rally traders trading
The market is clearly in a limbo with the bulls and the bears all squared up. The Dow is bullish above 9,600 and a move above this level could lead to a rally to 9,750. The bearish case is a move below 9,525, which would lead the indices into the long-awaited correction. Anything in between is a purely traders playing the trading range.
according basis bonds certainty cut greenspan interest percent rate rates
It is a 100 percent certainty according to the U.S. interest rate bonds that Mr. Greenspan will cut rates by 25 basis points.
above attempt early general highs looks move near obstacle prices stocks trading volume
Stocks in general have been trading near their highs but volume has been a real obstacle to move prices higher. It may still be early but it looks to me as if we will see an attempt to take Dow above 9,450.
change correction euphoria evaluate investors last scheme seen stocks top worries
I feel that we were so long overdue a correction after the euphoria around the New Year. In the big scheme of things the only thing that worries me is that if those investors who use fundamentals to evaluate stocks change their view, then we could have seen a top that will last for some time.