We are at the top of a trading range. Everyone's willing to be bullish, but is the cash there to provide the energy the bulls need, or is the December high the high-water mark Dow 11,000 is one of the hooks the bulls will use to try and attract more money into the market.
More Quotes from Ken Tower:
Employment cost is below expectations, which should encourage the Federal Reserve at next week's meeting to maintain a balanced approach.Ken Tower
This rally is very fragile, as it is being led once again by energy stocks and not technology or finance. This is no time for the bulls to relax.
Ken Tower
Right now, it's the yield curve that everyone will be watching. Now we're wondering what type of economic growth we'll have going forward. For investors, it's always possible that this time will be different, but we still have to be defensive going into 2006.
Ken Tower
This is a really tricky time for investors, because there is such a strong seasonal tendency for markets to struggle.
Ken Tower
In my experience the market doesn't remain trapped in that kind of narrow trading range for long. So expect the market to break out. But which way
Ken Tower
The market strength is good right now, but when I look ahead, I'm feeling rather torn right now. My forecast this year is for a bear market, but for now, I'm willing to give the bulls the benefit of the doubt.
Ken Tower
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Based on Topics: Energy Quotes, Trading QuotesBased on Keywords: high-water
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