Tom Schrader
Tom Schrader
bit breadth good rally today volume
It's a pretty good rally today but not tremendously strong. The breadth is good, but I'd like to see the volume a bit stronger.
near
It's going to be a quagmire near the close.
confidence consumer enhance hopes labor market moving number strong ties
A strong payrolls number would be important for the market and could get the indexes moving as it would enhance hopes that the labor market is improving, which ties into consumer confidence and consumer spending.
good seems
It (the advance) seems to be very broad-based, with really good breadth,
confidence consumer definitely higher impact morning number oil prices shocked starting
The confidence number this morning was abysmal, and that's what shocked the market. The higher oil prices are definitely starting to have an impact on consumer spending.
concern
The concern is that we're very overbought right now,
continue earnings last less nice october rally rallying reports since supporting time week
This is more or less a continuation of the October effect. Since about mid-October, we've been rallying and that's traditionally the time you're going to see that. We've had some nice earnings reports in the last week supporting a rally and we're probably going to continue to see that.
danger
The danger is that we're getting a little overextended,
allow consistency fee flat
The flat fee will allow consistency for the marketplace.
confidence consumer earnings given impression lack morning negative people
The consumer confidence (index) this morning was better than expected, and the lack of negative pre-announcements has given people the impression that first-quarter earnings are going to be good.
biggest looked numbers sentiment tomorrow
All of those numbers will be looked at, but the biggest number tomorrow will be the sentiment index.
certainly claims drop good growth maybe morning next numbers saw
All the numbers we saw this morning were good for the market's purposes. GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
certainly claims drop good growth maybe morning next numbers saw
All the numbers we saw this morning were good for the market's purposes, ... GDP growth was certainly positive. Maybe there was a little disappointment that jobless claims didn't drop more, which doesn't bode well for next week's monthly unemployment number.
bad hammered news
The Dow's getting hammered by all the bad news this morning,