The market has a very strong undertone to it and would seem reluctant to surrender too much of its recent gains. Very strong and robust turnover yesterday ventures to suggest some serious commitment to the market place.
More Quotes from David Buik:
The Chicago PMI data and consumer confidence numbers are important, but pale into insignificance against Friday's non-farm payrolls and the rest of the employment data.David Buik
The U.S. equity futures market looks in good order and maybe this could be a session where some much needed progress can be made. The key economic data of the week is posted today.
David Buik
The market is tired. I think we've had a terrific week -- not so much in gains, but more in being able to maintain the 6,000 threshold.
David Buik
Michigan Sentiment may be the key to activity today. Otherwise it may be a case for waiting for some confessional news next week and the next quarter's results from Morgan Stanley, Bear Stearns and Lehman Brothers often a good barometer of economic and business activity.
David Buik
I think people are being more selective about tech stocks. Last week was a cracking week in the banking sector - and Germany's Deutsche Bank had the yellow leader's jersey. And I think it's important that people see the telecom sector, which has dropped like a stone ... people will be looking for something there.
David Buik
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Based on Topics: Place QuotesBased on Keywords: undertone
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