Tom Hougaard
Tom Hougaard
affect bound coming lower market sideways time trade weeks
...this kind of sell-off is bound to affect the market for some time and we may very well see the market trade lower over the coming weeks or at least trade sideways without making new highs.
caught deeply face goes markets players slide time
The slide in the Nikkei just goes to show how deeply overbought these markets are. Players have been caught up in the euphoria. Now it's time to face reality.
afloat banks keeping markets
The markets are not that strong, it's the banks that are keeping things afloat on the day.
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.
european goes happens holidays market quiet range trades
As it often happens on market holidays in the U.S., the European market goes very quiet and trades in a range all day.
chin companies oil
Oil companies will take it on the chin today.
blow looking market open rita strong
The market is looking at a really strong open as Rita didn't blow as hard.
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.
calling far met rally regular selling session stuck trading week
The U.S. (market) is still stuck in a rut. We are calling the Dow up on the day, but so far every rally in the pre-market this week has been met with selling once the regular trading session got under way,
bear climate current dealing economic high indeed looks market prosperous
Valuations are very high for the current economic climate or indeed even a prosperous climate. So it looks like what we are dealing with here is a bear market rally.
currently expecting night obviously red relentless sea selling
We are obviously expecting to a see a sea of red this morning. The selling has been relentless through the night and currently the Dow is being called down about 100 points.
decent flat holding people vulnerable worried
...we are holding the flat line, but we are vulnerable to the downside. A lot of people are getting worried about the market...we are long overdue for a decent correction.
casting european profit shadow somewhat sun warning
The profit warning from Sun Micro is casting somewhat of a shadow over the European markets.
bears cause covering doubt fueled orleans rally recent short thinking wall
There is no doubt that the recent rally is fueled by a lot of short covering from bears thinking the New Orleans debacle would cause jitters on Wall Street.