Peter Cardillo Trade Quotations

We're in the midst of a technical correction, and I suspect for the next week or so we'll trade within this range. The market has already discounted a lot of the economic and earnings news.

I think the market will continue to trade in a tight range in no-man's land. It's not like we're collapsing but it's just going nowhere.

I think that the first two weeks of November will be wishy-washy, as we continue to trade in this range we've been in recently that started with the earnings, but as investors digest the month's economic news, which should be positive, we'll be able to move higher again,

I think we're likely to remain in a broader trading range for the time being.

This trade deficit news certainly points in the direction that the U.S. economy is slowing.

It's a busy week in terms if earnings with three sectors of the technology sector reporting. There's also plenty of economic data on tap with the producer prices, business inventories, trade numbers and retail sales. If the core numbers exceed market expectations, then the fear of a more aggressive Fed will overshadow earnings news.