I would hope that the market will try to rally here, and bounce off these key support levels. If it doesn't bounce real quick in this area, we could have some real problems.
More Quotes from Jon Brorson:
Gold is very sensitive to inflation. If you're worried about inflation, you tend to see gains in gold.Jon Brorson
They managed to rally after being down most of Friday, so I think some of that momentum will continue today. Crude is off a little bit, bonds are up, so I think it's setting the stage for a pretty good day today on the back of a pretty good week last week.
Jon Brorson
I wouldn't be surprised if the market wakes up tomorrow and buys them (stocks) back again.
Jon Brorson
The choppiness we've had over the past couple weeks, the volatility, suggests stocks are vulnerable. It suggests we're looking, in the months ahead, at a correction in the marketplace.
Jon Brorson
We've got three things weighing on the market here a less-than-stellar start to earnings so far, the geopolitical situation with Iran that's sort of moving to the front burner, and we've got energy futures up pretty strong this morning. So all three create a situation where investors are willing to take some profits after the fairly strong opening so far this year.
Jon Brorson
We've had quite a run over the last three weeks, and I think the equity market is going to have a little bit of profit-taking, especially in light of a no-news day.
Jon Brorson
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