It's going to be a very busy week in terms of economic news,
More Quotes from Peter Cardillo:
Cisco is the excuse today (Thursday) for the pullback, but we're also entering a period of reflection after the recent rally. I think we could see a 3 to 4 percent drop over the next few sessions, before we get back on track.Peter Cardillo
I think what happened yesterday and Monday was a wake-up call for investors,
Peter Cardillo
Very well managed, ... I just yesterday raised it to a 'strong technical buy.'
Peter Cardillo
There's still very low volume, which leaves the bears in control, and the market remains sensitive to the war factor.
Peter Cardillo
Right now, there's just a lack of solid trading volume out there, so we're struggling to move higher based on the good news we have. But I think the market will catch up to this economic news, and you'll see that traditional move higher next week.
Peter Cardillo
This couldn't have come out at a worse time, because we have the new Fed chairman testifying tomorrow. It will raise anxiety over the Fed's interest rate outlook.
Peter Cardillo
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