Michael Sheldon
Michael Sheldon
Michael Sheldonis a former Australian rules footballer who played with Essendon in the Victorian Football League...
airlines almost days few five groups last rally retailers seeing stealth
We're really seeing almost a stealth rally today. Some of the most beaten-down groups of the last few days -- like airlines and retailers -- are seeing gains. But it's not just them. Five out of 10 S&P 500 groups are up at least 1 percent.
addition certainly last looked night report results technology
Pepsi's report looked pretty positive, in addition to Cisco, which is a bellwether in technology industry. Cisco's results last night were certainly a positive.
earnings fear few focus higher interest last looks next outweigh rates weeks
I think the last few weeks have probably been frustrating for investors. Earnings have been very positive, but the focus has been on interest rates. Over the next few sessions, it looks like the fear of higher interest rates will probably outweigh the earnings.
break bulls data doubt few gains investors last left likely looking markets minds next range seen trading
Markets are in a trading range right now, consolidating gains after the last few months. A lot of investors were looking to this week's data as a way to break out of the range, but what we've seen has left enough doubt in the minds of the bulls that we aren't likely to break out of this range in the next few sessions.
factors few improved last market plus sentiment technical trends
The technical trends of the market and the sentiment has improved over the last few weeks, plus there are seasonal factors working in the market's favor.
improved last market tone week
The market tone has improved over the last week or so,