Gene Inger
Gene Inger Articles
Snapback behavior could not be sustained . . . which is not particularly surprising given hard hits continuing in the T-Bond arena, though the downside action's becoming increasingly suspect due primarily to strength seen today in the Dow...
Sector shifting from the NYSE to the NASDAQ market . . . actually appeared to characterize at least parts of the Wednesday action, as presumably many mutual funds are trying to embellish their involvement in the heart of the momentum push...
Holiday focuses . . . may have been other than aimed at the markets, but if so that's not what we saw, especially after the first spike-up and then again in the late going, when volume surges tended to appear, although relatively...
Huge, almost neurotic, volume and swings . . . are in harmony with our call for Wednesday's action, but belie the underlying nervousness that increasingly is prevailing in the stock markets. The NASDAQ managed to post another near-record...
Overweight "discipline" and recognizing building risk . . . has dominated our thinking for the last few sessions, since identifying what was perceived as a reversal day (to the minute, as it did turn out; though we couldn't know that quite...
Beginning of month buying . . . at least superficially helped the market look like everyone who sold just yesterday, simply got right back into the same stocks after that big limit-down behavior seen on NASDAQ futures at one point in...
T-Bond action foretold the reversal . . . or so we thought late Tuesday. After the FOMC action, there nevertheless was little doubt so many on the Street were going to minimize probabilities of any new decline; by simply concluding that no...
Superlative strength in computer and technology stocks . . . offset worries about price levels and some other concerns, to press many stocks (including many of our own nearly-perennial old favorites dating in some cases nearly to the...
Relieved that business is slowing . . . based on corporate reports from housing and autos, the stock market seemingly views this as a favorable sign to embolden it not to fear the Fed, as time marches on. In a few ways we concur with that...
Irregular price behavior . . . dominated Wednesday's action most of the day, with a "relief rally" of sorts in the "interest rate sensitive" areas as the afternoon progressed. None of the markets in fact took-out any key technical points...
