Towards the end of the week, you've got a bunch of high-profile companies that are reporting their numbers and markets may be a little on edge ahead of that. If the earnings come in kind of in-line, barring any horrific numbers, I think we can hold and move higher.
More Quotes from Kenneth Polcari:
We're stuck in this narrow range until after the election.Kenneth Polcari
Last week, the market rallied on hopes that the Fed would cut rates, but today (Monday), people weren't so sure. It created a lot of confusion. People want to get back to the fundamentals, but they keep getting distracted.
Kenneth Polcari
With the energy on the floor at the close, I am hoping that it will continue this way tomorrow Thursday morning, barring any big negative news out tonight.
Kenneth Polcari
We are continuing to see what we saw yesterday (Tuesday), with threats about terrorism, people taking profits (after the previous week's run) and buyers sitting on the sidelines. There's really no reason to buy right now. There is nervousness and the market likes stability.
Kenneth Polcari
It was the normal consolidation today (Wednesday) after two days of really good market action, but there's just no follow through. We rallied on a few pieces of news, but there's no sense of a broader recovery.
Kenneth Polcari
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