Troy Nickerson
Troy Nickerson
Troy Nickerson is a collegiate national champion wrestler from New York...
afternoon floor late needed quarter saw selling short shorts terms trading turned
There weren't really any trading floor rumors, nothing in terms of news. What you saw late afternoon that turned it around was a lot of short covering. So much selling had been done all day that shorts needed to cover. We're also at the end of the quarter and that comes into effect, too.
coming continue earnings fed market neutral next people rumors trade waiting
People are waiting for the next catalyst. Earnings are done, the Fed is in a neutral stance. There's nothing big coming up in the next month, so the market will continue to trade on rumors and speculation.
entrance exit investors looking negative points pricing
Generally, investors are looking for entrance points or exit points, and there's a lot of negative pricing out there.
chips led maybe people terms thinking
In terms of tech, historically, chips have led the markets, so people are thinking if they can see a turnaround, maybe other techs can, too.
belief certainly extending hurting investors lack seeing weaker
ISM is a big part of what's going on, as is the weaker construction. Sun's shake-up is certainly hurting techs. But what we're especially seeing is a lack of belief on the part of investors in extending yesterday's (Tuesday's) rally.
days levels quite strong
We've had two very strong days in a row. But I don't think it will be sustainable at quite these levels going forward.
catalyst couple economic problem reports tech week
There are a couple of tech conferences this week and some economic reports due, but other than that, the problem is there's just no real catalyst right now.