The market is once again staying within the broader trading range, ... and in this case rotating out of commodity and related issues and buying tech and others that are perceived as being better values right now.
More Quotes from Peter Cardillo:
We did get surprising oil inventory data, but it's still below that 60 range. The market is running against options expirations, which are causing technical difficulty.Peter Cardillo
The fact that oil fell out of bed is certainly propelling the market today,
Peter Cardillo
The market opened higher, after some good economic numbers. However, we're seeing a pullback due partly to volume being lighter than usual.
Peter Cardillo
Unless some real news comes out that could accelerate impeachment talks, it's probably already been discounted, ... Big deal, we're going to see the president get angry, say a few curse words.
Peter Cardillo
The action is good so far, but we need to see another few days of this -- with slight pullbacks and people then buying on those pullbacks -- for this to really indicate that some sort of bottom has been set,
Peter Cardillo
I would have thought it would have been a lot worse. For now, the market is doing just fine, considering everything.
Peter Cardillo
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